Chaarat Gold Holdings Limited (LON:CGH) has promoted Robert Benbow from chief operating officer to chief executive officer, as founder Dekel Golan moves to become Deputy Chairman of the board.
In addition, Alexander Novak is retiring as a director.
Benbow will be key to the move from development to production at the company’s Tulkubash heap leach gold project in Kyrgyzstan, but will not be joining the Chaarat board.
Golan, meanwhile, will focus on business development and play a central role in the company’s new Business Development Committee.
Another new appointee is Davron Vakhabov, who becomes General Director of the local subsidiary and who assumes day to day responsibility for in country matters both in Bishkek and at site.
Davron has over 10 years' senior managerial experience of gold mine projects including Lydian International's Amulsar Gold Project in Armenia and the Çöpler Mine.
"I am greatly looking forward to working with Dekel, Bob, Alex and Davron in their new roles,” said chairman Martin Andersson.
“Dekel and Alex founded Chaarat and have devoted the last 15 years to developing the company. They have worked with me in recent months to identify their succession at this appropriate time. I am pleased that they will continue to provide the Board, and the newly constituted management team, with the benefit of their advice, contacts and experience."