25th Nov 2016 09:11
LONDON (Alliance News) - Stratex International PLC on Friday said Chairman Christopher Hall will retire at the end of the year and be replaced by current independent Non-Executive Peter Addison.
The gold and base metal miner said Hall will retire at the end of 2016, holding the role of chairman since 2011 after joining the company back in 2008.
"The board is extremely grateful to Christopher for his leadership and the valuable contribution he has made to the success of the company," said incoming chairman Addison, who joined the company in 2008 and started his career at Stratex as chairman.
Stratex said Hall was planning to retire in 2017, but has brought it forward following the appointment of Marcus Engelbrecht as chief executive in September. Engelbrecht replaced founding CEO Bob Foster, who retired.
Stratex shares were down 5.1% to 1.76 pence per share on Friday.
By Joshua Warner; [email protected]; @JoshAlliance
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