Sovereign Mines of Africa Share News (SMA)

(ShareCast News) - AIM-listed gold explorer Sovereign Mines of Africa appointed former British army officer Rupert Street as chief executive. Street, who has over 26 years of financial and industry experience, has worked in Hong Kong and China.He was previously CEO at Ptarmigan Eden Asset Management, a private special situations company with experience across global exchanges, private equity and venture capital investments supported by Credit Lyonnais Europe and UBS and most recently Eugen de Buren, a resource-focused Asia-centric private equity and public markets team.Chairman Giles Clarke said: "Rupert brings with him significant international experience of growing and scaling businesses across the globe and has a track record of aggressively driving growth and shareholder returns which fits well with the company's culture."He joins us at a highly exciting time following an extensive strategic review of the business and his specific skills will be invaluable in executing our strategic plans."Shares in Sovereign Mine of Africa were up 0.9% to 0.807p at 0842 BST.