Base Resources Ltd (LON:BSE) has announced the departure of director Michael Anderson, who has resigned with effect from August 31.
It comes as the company works through broader succession planning which is expected to include greater independence and diversity.
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Anderson was a nominee for the company’s major shareholder, Taurus Funds Management, and as such was considered to be a non-independent director.
“The board would like to thank Mr Anderson for his considerable input and insight since being appointed in 2011, and the role he played in guiding the company through a transformational period that included the successful funding, development and now steady-state operation of the company’s flagship Kwale project in Kenya,” Base said in a statement.