Chaarat Gold Holdings Ltd (AIM:CGH, FRA:9IS) said its chief executive Artem Volynets will step down by mutual agreement with immediate effect and will move into a senior adviser role.
The AIM-quoted gold mining company said executive chairman Martin Andersson will serve as interim CEO until a successor is found.
“As part of the company's evolving strategic requirements, earlier this year the board appointed a leading global executive search firm to support its succession planning process,” Chaarat said. “The company has already reviewed a number of potential candidates for the role and is in advanced discussions with a preferred potential candidate.”
In his role as senior advisor, Volynets will use his experience in the mining industry across the former Soviet Union and focus on developing merger and acquisition opportunities in the region and assisting with capital market activities.
"I would like to thank Artem for all his hard work and dedication to Chaarat over the past three years,” said Andersson. “Artem led Chaarat through the group's transformation from an exploration company to a producer."