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Celsius Resources reshuffles board and welcomes new executive director

Published 08/05/2024, 11:15 am
Updated 08/05/2024, 11:30 am
© Reuters.  Celsius Resources reshuffles board and welcomes new executive director

Celsius Resources Ltd (ASX:CLA, AIM:CLA) has appointed Mark van Kerkwijk as the new executive director for Investor Relations, Public Relations and Marketing.

In his new role, van Kerkwijk will bridge the gap between the company and its investors, enhancing communication and fostering positive relationships with shareholders and brokers.

Expertise on finance front

His responsibilities will also include supporting the company in capital raising and financing, particularly for the development of the flagship Maalinao-Caigutan-Biyog (MCB) Project in the Philippines, for which the company has recently secured a mining permit.

With an impressive background as a major private investor in the resources sector and a member of Celsius's Top 20 shareholders, van Kerkwijk brings a strategic perspective essential for driving growth and innovation.

His varied experience spans multiple sectors including defence, agriculture and financial services, positioning him well to advance Celsius's commitment to sustainable mining and good governance.

Transition for Hume

Concurrent with van Kerkwijk's appointment, Peter Hume is transitioning from his role as managing director to focus on the immense amount of work and significant challenges at the company's Philippine subsidiaries.

Part of Hume's new focus will be ensuring compliance with the terms of the MCB Project’s mining permit.

Effective May 8, he will step down as managing director and take on the role of non-executive director.

The board changes also include the departure of Michael Hulmes and Simon Farrell, who will leave their positions as non-executive directors as part of the company's cost-cutting measures.

Development focus

This reshuffle marks a strategic pivot for Celsius as it transitions from exploration to development, underlining a period of significant organisational change aimed at bolstering its market position and operational capabilities.

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“Crucial to the company’s sustained success is the ability to navigate through and adapt to changes,” executive chair Atty. Julito R. Sarmiento said.

“We embrace this change as an opportunity to better position the company to thrive in a dynamic landscape amidst growing business demands.

“Rest assured that the CLA board remains steadfast in its commitment to shareholders and stakeholders and in upholding the company’s vision, mission, values and sustainability principles.

“The appointment to the board of Mark, a shareholder significantly invested in CLA, strongly demonstrates such commitment of the company and we thank Mark for accepting and rising up to the challenge.

“On behalf of the company, we extend our profound gratitude and sincere appreciation to Peter Hume for his excellent and tireless work as managing director and to both Michael Hulmes and Simon Farrell, for their invaluable contributions to the company as non-executive directors.”

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