Evolution Energy Minerals Ltd (ASX:EV1) has made another key appointment as part of significant changes to its board and executive management team as the company assembles the right team to progress the development of its Chilalo Graphite Project in Tanzania.
Jay Stephenson has now been appointed as chief financial officer (CFO), in addition to his current role as company secretary, following the recent resignation of Grant Dyker.
With a career spanning more than 35 years, Stephenson possesses extensive experience in business development and company secretarial duties across listed and unlisted entities.
He has held corporate roles as director, chief financial officer and company secretary overseeing various critical processes such as business acquisitions, mergers, initial public offerings, capital raisings and business restructuring, in addition to managing all aspects of finance for organisations.
New independent non-executive directors
Completing the changes to its board, EV1 also recently appointed two new independent non-executive directors: Brian Gordon, a lawyer with strong capital markets and mining transaction experience, and Craig Moulton, a geologist who has deep technical and commercial experience in mining and exploration.
The company says these appointments bring balance to the board and set the forum for key decisions it will face over the coming months.
So far, the changes have resulted in a smoother process and better relationships with management and shareholders.
“The new board has come together well and is enthusiastic about Chilalo and the opportunities it holds for shareholders over the next 12 months,” Evolution chair Robin Birchall said.
Read more: Evolution Energy Minerals appoints mining law expert Brian Gordon as non-executive director
New CEO search in final stages
EV1 also advises that it is in the final stages of recruiting and appointing a new chief executive officer to lead the company going forward and to be in a position to announce the appointment in the “coming weeks”.
The company reports that the calibre of the candidates being considered is extremely high with all bringing project development/construction and finance/broking backgrounds to the table.
“With the appointment of Jay as CFO and the quality of the interviews held with CEO candidates, I am happy with the refreshed optimism for the company and Chilalo,” Birchall said.