25th Apr 2016 12:06
LONDON (Alliance News) - Africa-focused agriculture and forestry company Obtala Resources Ltd on Monday said it appointed Miles Pelham as its new non-executive chairman with immediate effect.
Pelham joined the company as a non-executive director in August 2015. He is an investment banking industry veteran, Obtala said.
Francesco Scolaro, who had been executive chairman, will become a non-executive director.
Emma Priestley, meanwhile, will retire as a non-executive to focus on her other board positions.
Obtala shares were up 12% to 7.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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