14th Apr 2014 07:15
LONDON (Alliance News) - Centamin PLC said Monday Trevor Schultz is set to resign as an Executive Director and will be appointed as a non-executive Director of the firm with effect from May 1, 2014.
The company said Schultz's resignation coincides with its successful completion of the construction of the Stage 4 expansion and hand over to Operations of the commissioning of Stage 4 at the Sukari mining operation; Schultz oversaw the construction of the Stage 4 process plant, said Centamin.
"Such a major construction project that was completed with minimal cost and time overruns is testament to his strong leadership and experience. We are delighted that Centamin and its shareholders will retain the benefit from Trevor's counsel in his new role as a non-executive director," said Josef El-Raghy, Centamin's Chairman.
Shares in Centamin were trading marginally higher shortly after the open Monday morning, up 0.29% at 51.772 pence per share.
By Alice Attwood; [email protected]; @AliceAtAlliance
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Centamin PLC