10th Oct 2019 11:24
(Alliance News) - Cora Gold Ltd on Thursday said Chief Executive Jon Forster is to step down next year, but he will still have a role with the company.
Forster, who has had a 40-year career in the minerals industry, wants to reduce his workload, said Cora. As a result, he will step down as CEO in early 2020 but remain as head of exploration, a role he currently also holds.
Replacing him will be Bert Monro, who is currently Cora's head of business development. He will rejoin the board, having been a non-executive director between May 2017 and July this year.
Cora said it will provide an update, and further detail, of the leadership change "in due course".
Shares in Cora, which has a number of projects in Mali and Senegal, were 1.8% lower on Thursday morning in London at a price of 7.34 pence each.
By George Collard; [email protected]
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