31 Dec 2008 07:00
31 December 2008
International Ferro Metals Limited
("IFL" or the "Company")
Directorate Change
As announced on November 12 2008, Tony Grey, Executive Chairman and Stephen Turner, Chief Executive Officer, have today stepped down from their current executive roles to non executive positions. Tony Grey is now Non Executive Chairman and Stephen Turner is Non Executive Deputy Chairman. David Kovarsky, previously Managing Director, is now Chief Executive Officer.
The Board would like to reiterate its thanks to both Tony and Stephen for their hard work and commitment during the Company's vital start-up and early growth stages, and welcome David Kovarsky to the position of CEO.
For further information please visit www.ifml.com or contact:
International Ferro Metals Limited
David Kovarsky, Chief Executive Officer +27 82 650 1192
Brunswick Group
Patrick Handley / Carole Cable +44 (0) 20 7404 5959
Numis Securities Limited
John Harrison / Stuart Skinner +44 (0) 20 7260 1000
About International Ferro Metals:
International Ferro Metals produces ferrochrome, the essential ingredient in stainless steel, from its integrated chromite mine and ferrochrome processing operations in South Africa. International Ferro Metals is listed on the London Stock Exchange under the symbol IFL.