IN BRIEF: Marula Mining names Esther Ndeto as new CFO

Marula Mining PLC - London-based, Africa-focused mining and development company - Announces the appointment of Esther Ndeto as non-board chief financial officer, effective ‘from April’. Says that key responsibilities for Ndeto, who will be based from its operational offices in Kenya, will include strengthening its financial procedures, systems and controls to align with its increased operations in different jurisdictions. Expects her appointment to enhance its financial management and governance framework, as it focuses on progressing its mine development activities and addressing its financial reporting and corporate processes. Notes that she has over 15 years of leadership experience in eastern and southern African end-to-end finance operations, and ‘has delivered board-level financial insight to development finance institutions, donors and international funders, with a balance of both business growth and sound financial management.’

‘Ms Ndeto’s experience across financial services, infrastructure and capital markets, the management of broad-based budgets as well as financial systems, will further strengthen the company’s capabilities in these key areas,’ Marula says.

Current stock price: 3.50 pence

12-month change: down 9.7%

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