12th Nov 2008 14:30
Central African Gold Plc
("CAG" or the "Company")
Directorate change
CAG today announces that Roy Pitchford has been appointed CEO of the Company, following the decision of current CEO Greg Hunter to leave the Company.
Roy has more than 20 years' senior management and executive experience in southern Africa, 13 of which were in the mining industry, including serving as CEO of Cluff Resources Zimbabwe Limited, Delta Gold Zimbabwe (Pty) Limited, Zimbabwe Platinum Mines Limited and African Platinum Plc. He is also a past president of the Chamber of Mines of Zimbabwe. Roy has stepped down as CEO of African Minerals Limited in order to undertake the full time role of CEO of CAG.
Roy Lander, Chairman of CAG, thanked Greg for his significant contribution to CAG and, on behalf of the Company, wished him every success in the future. He also commented that he believed Roy Pitchford was well placed to lead the Company at this time.
The Board of CAG will be continuing to review the Company's corporate strategy and financing options including, inter alia, options for raising equity and options for the disposal of non core assets.
* * ENDS * *
For further information please visit www.centralafricangold.com or contact:
|
Roy Pitchford/ Nicole Broome |
Central African Gold Plc |
Tel: +27(0)11 676 2500 |
|
Stuart Faulkner/ James Spinney |
Strand Partners Limited |
Tel: +44(0)20 7409 3494 |
|
Martin Eales |
RBC Capital Markets |
Tel: +44(0)20 7029 7881 |
|
Hugo de Salis/ Felicity Edwards |
St Brides Media and Finance Ltd |
Tel: +44(0)20 7236 1177 |
|
Charmane Russell |
Russell and Associates |
Tel: +27(0)11 880 3924 |
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