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Bob Foster officially confirmed as top man at Stratex

Bob Foster has over 40 years experience in the mining industry
Bob Foster
Bob Foster is back in charge at Stratex

Stratex International plc (LON:STI) has confirmed the appointment of mining industry veteran Bob Foster as its new interim chief executive.

The appointment had previously been announced on a provisional basis following an extraordinary general meeting which led to the ousting of the previous chief, Marcus Engelbrecht.

WATCH: Stratex International's Bob Foster keen to get the show back on the road

Foster wasn’t initially slated to take on the top job by those who ousted Engelbrecht, but the way the resolutions of the EGM were worded meant that a candidate other than those put forward by the dissidents was required.

READ: Stratex parts ways with Engelbrecht

Since Foster has previously run Stratex and remains highly popular inside the industry, he was the obvious choice. The real question was: whether he’d do it.

But now it’s been confirmed that he will, shareholders in Stratex are surely entitled to think they are now in for a period of at least relative stability.

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