Central Asia Metals announces executive succession plans
Central Asia Metals
202.50p
16:40 05/07/24
Central Asia Metals announced executive succession plans on Thursday, confirming that on 1 October, Nigel Robinson would step down as chief executive officer after leading the company for more than six years.
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The AIM-traded firm said it would be succeeded by Gavin Ferrar, its current chief financial officer, who had been with CAML for a decade.
Additionally, Louise Wrathall, the executive director of corporate development, would assume the role of CFO on 1 October.
CAML said Wrathall had focussed on business development and investor relations in her current role, and would continue to oversee the areas alongside her new responsibilities as CFO.
Nigel Robinson would remain on the board initially as an executive director until 1 April 2025 to support the transition.
After that, he would continue to serve as a non-executive director.
“I am delighted and grateful to be entrusted with the role of CEO for CAML, and to be given the opportunity to guide a first-rate team through the next stage of the company's development,” said Gavin Ferrar.
“We start this next phase with the company in excellent shape, with two low-cost operations, a growing portfolio of exploration assets and a clean balance sheet.
“It is also a comfort that we will continue to benefit from Nigel's skills and experience and the board's continued support.”
At 1434 BST, shares in Central Asia Metals were down 1.44% at 206p.
Reporting by Josh White for Sharecast.com.