- Davenport Resources (DAV) has appointed Ian Farmer as Non-Executive Chairman as part of its board restructure
- Interim Chairman Dr Reinout Koopmans, who has been in the role since May this year, will step down but will remain on the board as Non-Executive Director
- Ian is a highly experienced U.K.-based mining executive and was formerly the CEO of platinum miner Lonmin
- Further, Non-Executive Director Patrick McManus is intending to step down from Davenport’s board at the next annual general meeting in November
- Davenport has ended the day with no change and shares have been trading for 3.9 cents since August 28
Davenport Resources (DAV) has appointed Ian Farmer as Non-Executive Chairman as part of its board restructure.
Interim Chairman Dr Reinout Koopmans, who has been in the role since May this year, will step down but will remain on the board as Non-Executive Director.
“We are very excited to have a candidate of Ian’s calibre appointed as our Non-Executive Chairman,” Dr Reinout said.
“Ian has tremendous experience in mining. His background in financial management, corporate development, marketing and strategy will be of great value to Davenport,” he added.
Formerly the CEO of platinum miner Lonmin, Ian is a highly experienced U.K.-based mining executive.
In this role he oversaw a period of significant transformation both in the operation and finance sectors.
Ian has also held other positions at Lonmin, and its parent company Lonrho, such as Chief Strategy Officer from 2006 to 2008.
Additionally, he has been Non-Executive Director of the Royal Marsden NHS Foundation Trust in the U.K. since 2014. From 2014 until 2017, he was a Non-Executive Director of VTTI Energy Partners LP.
“I am thrilled to be returning to the resources sector with Davenport. The company has attractive assets that are favourably located, and in a commodity with solid future prospects,” Ian commented.
“I look forward to working with the Davenport team in unlocking the considerable potential of the company’s assets,” he added.
Further, Non-Executive Director Patrick McManus is intending to step down from Davenport’s board at the next annual general meeting which is scheduled for November.
Davenport has ended the day with no change and shares have been trading for 3.9 cents since August 28.