Caledonia Mining Corporation Plc: John McGloin Steps Down as a Non-Executive Director
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announced the resignation of John McGloin as a non-executive director, effective immediately.
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Rhea-AI Summary
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announced the resignation of John McGloin as a non-executive director, effective immediately. His departure comes as he takes on the role of CEO at Diamond Fields Resources Inc. Chairman Leigh Wilson acknowledged McGloin's contributions since joining in July 2016, particularly in exploring new opportunities utilizing his technical and geological expertise. The company expressed best wishes for his future endeavors.
Positive
- John McGloin contributed significantly since July 2016, enhancing Caledonia's exploration efforts.
Negative
- The resignation of a non-executive director may create uncertainty in the leadership structure.
Details
News Market Reaction – CMCL
The recorded move for CMCL in the trading session of this news was -2.03%.
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ST HELIER, Jersey, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or the "Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces that John McGloin has resigned as a non-executive director with effect from today, to focus on his new role as Chief Executive Officer at Diamond Fields Resources Inc.
Leigh Wilson, Chairman, commented:
“Caledonia’s Board would like to thank John for his contribution since joining in July 2016. John has made a significant contribution to Caledonia’s development – particularly in Caledonia’s evaluations of new exploration opportunities where his technical and geological skills and experience have proved invaluable.
“I wish him every success in his new endeavour as CEO of Diamond Fields Resources.”
Enquiries
| Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall | Tel: +44 1534 679 802 Tel: +44 7817 841793 |
| WH Ireland Adrian Hadden/ Andrew De Andrade | Tel: +44 20 7220 1751 |
| Blytheweigh Financial PR Tim Blythe/Megan Ray | Tel: +44 207 138 3204 |
| 3PPB Patrick Chidley Paul Durham | Tel: +1 917 991 7701 Tel: +1 203 940 2538 |
| Curate Public Relations (Zimbabwe) Debra Tatenda | Tel: +263 77802131 |
Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation (EU) No. 596/2014 (“MAR”) as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
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