22 Jun 2015 07:00
Sierra Rutile Limited
Sierra Rutile appoints new Chief Financial Officer
London, UK, 22 June 2015: Sierra Rutile Limited (AIM: SRX) ("Sierra Rutile") is pleased to announce that it has appointed Matthew Hird as Chief Financial Officer. Matthew Hird will commence the role at the beginning of September 2015, replacing Yves Ilunga, who will remain with Sierra Rutile for a transition period, supporting Matthew Hird's transition into the new role at Sierra Rutile.
Matthew Hird is an experienced finance professional from the natural resources sector who brings a wealth of expertise in driving the strategic analysis, financing, reporting and governance of mining companies. He spent over eight years at Kazakhmys plc, the former FTSE 100 copper producer, including six years as Chief Financial Officer. He was also Company Secretary and Group Reporting Manager at Vedanta Resources plc and most recently, Chief Financial Officer at African Minerals Limited.
Commenting on the appointment, John Sisay, Chief Executive Officer of Sierra Rutile said, "Following a careful and rigorous search we have arrived at an exceptional candidate, and I'm very pleased to welcome Matthew to the team. Sierra Rutile has ambitious plans, both strategically and operationally, and Matthew's experience and expertise are particularly well-suited to taking us from our current state of development to achieving those objectives.
"I would like to thank Yves for his significant contribution to Sierra Rutile. During his tenure he has overseen major improvements in our cost control and reporting and has been a valuable member of the senior management team. I wish Yves all the best for his future endeavours."
Prior to his work in the natural resources sector, Matthew Hird spent nine years at Deloitte. He is a Chartered Accountant and holds an MA in Natural Sciences (Geological Sciences) from the University of Cambridge.
ENDS
For Further Information:
Sierra Rutile Limited Yves Ilunga Chief Financial Officer
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+44 (0)20 7074 1800 |
RBC Capital Markets Nominated Adviser and Joint Corporate Broker Jonny Hardy
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+44 (0)20 7653 4000 |
Investec Bank Joint Corporate Broker Chris Sim / George Price |
+44 (0)20 7597 4000 |
Kreab Marc Cohen / Christina Clark / Fiona Cumberland |
+44 (0)20 7074 1800 |
Notes to Editors
About Sierra Rutile Limited
Sierra Rutile produces titanium feedstock industrial minerals (primarily rutile, with some associated ilmenite), as well as smaller quantities of zircon. Sierra Rutile's mines, located in the south west of Sierra Leone, are based on one of the largest natural rutile deposits in the world, with a JORC-Compliant Mineral Resource for measured, indicated and inferred resources for the Sierra Rutile mine of over 895 million tonnes (as at 30 September 2014).
www.sierra-rutile.com