Vast Resources PLC (LON:VAST) has announced the resignation of Roy Pitchford as chief executive.
It comes as the company transitions to focus more on its mining operations in Romania, where it is developing polymetallic open-pits, and Pitchford’s role is now being taken up by Andrew Prelea, who is president of the Romanian subsidiary.
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"When Roy joined the board three years ago, Vast was almost exclusively focussed on Zimbabwe, his country of birth and a place that he continues to feel very passionately about,” said Brian Moritz, Vast chairman.
“Over subsequent years our focus has increasingly turned to Romania and it is this change that has prompted Roy to step down as CEO, to be replaced by Andrew.
“I am confident that Andrew is well positioned to execute our strategic objectives in Romania, whilst maintaining and expanding our interests in Zimbabwe.”
Moritz added: “Roy has had an invaluable contribution to our Company - stewarding Vast from an exploration and development company back in 2014, to a production company with two operating mines and third due to come on stream in the very near future.
“To say that Roy has fundamentally changed this business is an understatement - and for this, I am hugely grateful.”