RE: Bushveld RNS17 Mar 2022 08:20
https://www.lse.co.uk/rns/BMN/appointment-of-independent-neds-and-board-changes-7zejfc4ir9mi3ic.html
Bushveld Minerals Limited (AIM: BMN), the AIM-listed, integrated primary vanadium producer which owns high-grade vanadium assets in South Africa, is pleased to announce the appointment of three new independent non-executive directors and other changes to its Board of Directors (the "Board").
Kevin Al****, Mirco Bardella and Jacqueline Musiitwa have been appointed to the board as non-executive directors ("NEDs") with immediate effect. These appointments have been made to ensure that the Board's composition meets the high standards of corporate governance expected of London listed companies and reflect Bushveld Minerals' status as a significant primary producer of vanadium in South Africa.
In conjunction with these appointments, the Company announces that Jeremy Friedlander, who has been a non-executive director of the Company since 2012, has retired from the Board. Additionally, the Company is giving notice that Ian Watson, Non-Executive Chairman, and Anthony Viljoen, Non-Executive Director, will be retiring from the Board over the course of the next few months. The sequencing of the retirements is to ensure both continuity and compliance with the Company's Articles of Incorporation.
Ian Watson will not stand for re-election at the forthcoming Annual General Meeting in 2022 with Michael Kirkwood, the Company's Senior Independent NED, then acting as interim chairperson until a suitable replacement is appointed. A formal search for a new chairperson is already underway. Anthony Viljoen's retirement will become effective once the onboarding of a fourth independent non-executive director has been finalised. Following the above changes, the board of Bushveld Minerals will comprise two executive directors (Fortune Mojapelo, Chief Executive Officer and Tanya Chikanza, Finance Director), an acting non-executive chairperson, and four independent non-executive directors.
Details of the new independent non-executive directors are set out below:
Kevin Al**** is an entrepreneur, business leader and adviser who has excelled in the development and growth of international services and investment companies across a range of industry sectors. He is a qualified chartered accountant and has actively managed a portfolio of consultancy clients and private equity investments in the UK and Southern Africa. He has held a number of non-executive director roles in the past dozen years, including board positions at several prominent asset management firms. Between 2006 and 2009 he was CEO of Morse Plc, where he led the transformation of the group into an integrated, single branded IT and professional services business in chosen industry sectors.