9th Jul 2008 07:00
ZincOx Resources plc
("ZincOx" or "the Company")
Board changes
ZincOx Resources plc (AIM Ticker: ZOX), which applies innovative technology to the production of low cost, high grade zinc, today announces a number of Board changes with immediate effect including the appointment of Jeff Hewitt as non-executive Deputy Chairman.
Jerry Saville also joins the Board as non-executive director. Peter Wynter Bee has been appointed Managing Director, Jacques Dewalens has been appointed as Technical and Production Director and Simon Mulholland as Project Development Director.
Commenting on the announcement, Andrew Woollett, the Chairman of ZincOx said "We have made great strides in our transition from traditional zinc mining company to a recycling operation extracting high grade zinc and pig iron from steel industry waste.
We are now focused on developing both our traditional mining operation in Jabali, Yemen, and our Ohio Recycling Project in the USA. The management of the Company recognises the critical importance of these two development projects to the future of the Company and the non-executive appointments bring particular experience that will help drive these projects forward"
Michael Foster, the current Managing Director, has decided to step down from the main Board of the Company at the forthcoming AGM on 11th July 2008. However, he will remain as a non-executive director of Jabal Salab, the operating company for the Jabali Mine. Michael is a geologist with over 30 years experience in mineral exploration and mine development and for the last nine years he has had the direct responsibility for the management of the Jabali project and under whose guidance the project has progressed from an exploration prospect to a major mine development. Current non-executive directors, Peter Fry and Peter Beck will be retiring, after seven years on the Board, at the AGM on 11th July.
Andrew Woollett added "I would like to take this opportunity to thank Peter Beck and Peter Fry for their tremendous support and guidance over the past seven years and for Michael Foster's leadership as Managing Director. We are delighted to have completed the restructuring of the Board and I believe this sets the foundations for our solid transformation into a major production company. We are all very much looking forward to completing the development of our two leading projects by the end of next year."
The process of restructuring the Board started earlier this year with the appointment of Rod Beddows, an internationally renowned steel industry expert, as a non-executive director.
Details of the new appointments are provided in the notes to editors.
For further information, please contact:
Andrew Woollett/Peter Wynter Bee, ZincOx Resources plc
Tel: +44 (0) 1276 450100
John Harrison (Nominated Adviser) / James Black (Corporate Broker), Numis Securities
Tel: +44 (0) 20 7260 1000
Charlie Geller/Ben Way, Conduit PR
Tel (Direct): +44 (0) 20 7429 6604
Jeff Hewitt, Non-Executive Deputy Chairman.
Jeff Hewitt has a first class degree and Gibbs prize in chemistry from Oxford University. He is a Fellow of the Institute of Chartered Accountants and has an MBA from Stanford Graduate School of Business, California. After qualifying as an accountant with Arthur Andersen in 1972 he worked as a management consultant. In 1981 he left the Boston Consulting Group and joined Coats Viyella where he worked until 1991, mainly in financial roles but ultimately as a the director responsible for Group Strategy. In 1991 he moved, as Finance Director, to Unitech plc, an international electronics manufacturing and distribution group. In 1996, following the successful take-over of Unitech by Invensys, Jeff joined Electrocomponents plc as Deputy Chairman and Group Finance Director. Over the next ten years the company grew strongly, fuelled partly by acquisitions in Europe, North America and Asia. In 2005 he left Electrocomponents in order to follow a more plural career involving a number of non-executive roles. His non-executive positions have included: Dialight plc (Deputy Chairman, Senior Independent Director, Chairman of the Remuneration Committee), Plasmon plc (Chairman), and currently include TDG plc (Senior Non-executive director, chairman of audit committee), Cookson Group plc (Chairman of audit committee), Electrocomponents plc (Chairman of UK Pension Fund Trustees Board), the John Lewis Partnership (Non-Executive Member of Audit Committee) and Cenkos Securities plc. Jeff will chair the audit committee and serve on the nomination committee.
Jerry Saville, Non-Executive Director.
Jerry Saville has an MA in Philosophy & Psychology from Oxford University and is a Sloan Fellow, London Business School. Jerry has a wealth of experience in human resources and the management of change in high growth organisations. The first 27 years of his career was spent with Shell where he worked in a number of countries in a variety of roles including senior positions in human resources and strategic planning. In 2002 he joined Usaha Tegas Sdn Bhd company controlled by Ananda Krishnan, one of Malaysia's leading entrepreneurs, where he undertook a number of roles in this fast growing and dynamic group. From 2004 to 2006 he joined Fonterra Cooperative Group Ltd the dairy cooperative formed by deregulation in 2001. As Group HR Director he was accountable for all aspects of Human Resource strategy and Health and Safety Policy. He was responsible for a major remuneration review, the establishment of effective succession planning and supporting significant organisational change following the appointment of a new CEO. Jerry will chair the remuneration committee and serve on the audit committee.
Peter Wynter Bee, Managing Director
Peter Wynter Bee is an executive director and has been part of the Company since it was formed in 1997. He is a solicitor with over 25 years experience originally specialising in litigation in private practice and with KPMG but subsequently as General Counsel with Reunion Mining plc.
Simon Mulholland, Project Development Director.
Simon joined ZincOx in 2006 as Group Projects Manager. After graduating as a physicist at the Royal College of Science he completed an MSc in Industrial Robotics and Manufacturing Automation, and more recently a Master of Business Administration through the Open University. Simon has worked as a project manager for APV Baker and Courtaulds Engineering managing large high risk industrial process projects in both chemical and food sectors before taking the position of General Manager of Imperial Process Limited, a process and project development subsidiary of Imperial Tobacco. He is responsible for the engineering and construction of the Company's projects.
Jacques Dewalens, Technical and Production Director
Jacques joined ZincOx in September 2007 as head of technical services and production manager. After graduating from University of Leuven in Chemistry and completing a PhD in Sciences he started a career with Vieille Montagne, Union Miniere and ultimately Umicore. During his 34 years in the zinc industry, he was intimately involved with the design and commissioning of a number of zinc plants including Skorpion in Namibia, Sun Metals, Votorantim, New Boliden, Valleyfield, Onsan and Padaeng. In addition, he was general manager of Balen, one of Europe's largest zinc smelters. He is responsible for all processing research and development and ultimately for the Company's production from the Jabali Mine and Ohio recycling projects.
|
Name of director |
Age |
Current Directorships and Partnerships |
Previous Directorships and Partnerships held in past five years |
|
Jeffrey Lindsay Hewitt |
60 |
Electrocomponents Pension Trustees Limited Cookson Group plc John Lewis Partnership TDG plc Rewley Park Management Company Limited Regenersis plc Cenkos Securities plc |
Electrocomponents plc Dialight plc Plasmon plc Technetix Limited Whatman plc |
|
Jeremy John Saville* |
58 |
Le Jouannet Yacht Charters Partnership |
None |
|
Jacques Zephirin Jules Dewalens** |
61 |
Dew Consult bvba |
None |
|
Simon Paul Mullholland*** |
44 |
None |
None |
* Jerry Saville holds 5,000 ordinary shares in the Company
** Jacques Dewalens holds options over 100,000 ordinary shares in the Company
*** Simon Mullholland holds options over 258,273 ordinary shares in the Company
Save for the information disclosed above there is no other information required to be disclosed under Schedule 2, paragraph (g) of the Aim Rules.
Related Shares:
Zincox Resources Plc