Caracal Gold PLC (LSE:GCAT), an East African gold producer, has appointed Riaan Lombard to the board as an executive director and chief operating officer, effective immediately.
Lombard has been general manager of Caracal's fully owned subsidiary Kilimapesa Gold (Pty) Ltd, which operates the company's flagship Kenyan mine, since February 2022.
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He is a qualified mining engineer and native of Namibia with 25 years of experience across a number of senior management and technical roles and a diverse range of commodity projects in West Africa, East Africa, and South America.
Caracal said he was also instrumental in the company’s recent acquisition of the Nyakafuru project in Tanzania, which is located in the world-class Lake Victoria Gold Fields.
“Since joining the company in February, Riaan has enjoyed great success in helping us enhance the operational efficiency and build production at our flagship Kilimapesa mine whilst also being a driving force in our acquisition of the Nyakafuru project in Tanzania, which offers significant growth opportunity,” said Caracal chairman Simon Games-Thomas.
“Accordingly, his appointment as COO is an obvious next step.”
The London-listed company also announced the appointment of Stefan Mülller as a non-executive director, effective immediately, and said his corporate and financial experience will support the company in delivering on its growth strategy.
Müller has extensive corporate and financial experience having supported over 250 capital market transactions during his career and served on the boards of a number of national and international companies.
As part of the board changes, current executive director Gerard Kisbey-Green will become a non-executive director with immediate effect.