IN BRIEF: Kavango Resources CEO exits, chair steps in as interim CEO

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Kavango Resources PLC - London-based, South Africa-focused metals explorer and gold producer - Chief Executive Ben Turney steps down from role, and as a director, effective immediately. Says Executive Chair Peter Bee steps in as interim CEO while the search for a new chief executive is underway. Notes that Non-Executive Director Donald McAlister will assume the role of chief financial officer on an interim basis, with Gautam Dala to chair the Audit Committee.

‘I thank Ben for his contribution, and wish him all the best for the future. Donald, Hillary Gumbo, a fellow director of Kavango, and I worked together in Reunion Mining PLC which developed mines in Zimbabwe and Zambia and negotiated the sale of the company to Anglo American PLC in 1999. We have a strong team with the expertise and knowledge to help realise the full potential of our assets for the benefit of all stakeholders,’ says Chair Bee.

Current stock price: 0.85 pence, down 15% on Wednesday afternoon in London

12-month change: down 11%

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