15 Mar 2012 07:00
15 March 2012
Sirius Minerals Plc
("Sirius" or the "Company")
Appointment of Sir David Higgins
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash development group, announce the appointment of Sir David Higgins as a Non-Executive Director of the Company and that Derek Stonley will be stepping down as Non-Executive Director. Both changes to the Board will take place with immediate effect.
Derek Stonley has decided to step down from the Board of Sirius having served as a Non-Executive Director from 2004 since the Company was established. During Derek's tenure on the Board of Sirius, the Company has established a portfolio of projects in North America, Australia and the United Kingdom. The Company would like to record its appreciation to Derek for his years of service and leadership.
Sir David Hartmann Higgins, 58, is currently the Chief Executive of Network Rail, the Authority responsible for the United Kingdom's rail network with an asset value of £40bn. Previously David was the Chief Executive of the Olympic Delivery Authority ("ODA") from March 2006 until January 2011 responsible for Venues, Infrastructure and Spectator Transport for the London 2012 Olympic and Paralymic Games with a budget of £8bn. Prior to this, he was Chief Executive of English Partnerships, the Government's National Regeneration Agency for three years.
Earlier in his career, David was the Managing Director and Chief Executive of Lend Lease Group, a global property and infrastructure company. David graduated in Civil Engineering from the University of Sydney and also holds a Diploma from the Securities Institute of Australia. David was knighted in 2011.
Russell Scrimshaw, Chairman of Sirius said:
"We are very pleased that David has accepted our invitation to serve as a Non-Executive Director of Sirius. David's experience in large scale project development will be of great value as we move forward with the development of Sirius, and especially our flagship York Potash Project. I look forward to working closely with David over the coming years.
"I would like to thank Derek for his eight years of service with Sirius where his geological and project evaluation skills have been of great benefit."
Directorships currently held or previously held in the last five years by Sir David Higgins are as follows:
Current: | Former: |
Network Rail Infrastructure Limited | None |
Network Rail Limited
Rail Safety and Standards Board Limited
There is no further information on Sir David Higgins required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.
For further information, please contact:
Sirius Minerals Plc | |||
Peter McLennan(General Manager - Commercial) | Tel: +44 7580 153 737 | Email: info@siriusminerals.com | |
NOMAD/ Joint Broker | Joint Brokers | Media Enquiries |
Macquarie Capital (Europe) Limited | Liberum Capital Limited | Gth Media Relations |
Steve Baldwin, Sam Small, Nick Harland, Dan Iacopetti
| Michael Rawlinson, Clayton Bush | Toby Hall, Suzanne Johnson Walsh |
Tel: +44 20 3037 2000 | Tel: + 44 20 3100 2222 | Tel: + 44 20 3103 3903 |
About Sirius Minerals Plc
Sirius Minerals is a globally diversified potash development company. Its primary focus is to bring on stream major potash mining facilities through the acquisition and development of projects overlying recognised potash deposits. Today it holds properties in the United Kingdom (North Yorkshire), the United States (North Dakota), and Australia (Queensland and Western Australia).
Incorporated in 2003, Sirius Minerals' shares are traded on the London Stock Exchange's AIM market. Its shares are also traded in the United States on the OTCQX through the use of a sponsored ADR facility. Further information on the Company can be found at www.siriusminerals.com.