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Be the first with the news that moves the market- African Gold Group (TSXV:AGG) has revealed a series of restructuring appointments today, along with a name change for the company
- Formerly the company’s COO, Danny Callow has been appointed its new President and CEO
- Stan Bharti, the former Chairman and CEO, will step down and Scott Eldridge has been appointed as the Non-Executive Board Chairman
- Alongside the appointments, the company is intending to change its name from African Gold Group to Avion2 Gold Inc
- African Gold (AGG) is down 1.75 per cent and is trading at C$0.28 per share
African Gold Group (TSXV:AGG) has initiated a series of restructuring appointments today, along with a name change for the company.
Danny Callow has been appointed the new President and CEO, being promoted from his former role as the company’s COO.
Scott Eldridge has been appointed a non-executive board chairman, and Jan-Erik Back has been appointed the Vice-Chairman of strategy.
Stan Bharti, the company’s outgoing Chairman and CEO, will step down and John Begeman has been appointed the Lead Independent Director.
Pierre Pettigrew, an executive director of the company, will remain on the board.
Ryan Ptolemy, a current Executive Director, will step down from the board but will stay on as the Chief Financial Officer for the company.
The appointments were announced as the company’s its flagship Kobada Gold Project in Mali begins to move into the production phase.
Alongside the appointments, the company is intending to change its name from African Gold Group to Avion2 Gold Inc
Stan Bharti, outgoing Chairman and CEO, said he was very pleased to announce the restructure.
“We now have a top-class operating team led by Danny Callow who has built and operated a number of mines in Africa over the past 28 years, most recently running Glencore’s African Copper and Cobalt divisions, and who has fast-tracked Kobada into being construction ready in a few short months,” he said
African Gold Group (AGG) is down 1.75 per cent and is trading at C$0.28 per share at 9:50 pm EDT.
