EXECUTIVE CHANGES: Safestay top investor moves up to executive chair
The following is a round-up of London-listed company director and manager changes announced on Wednesday and not separately reported by Alliance News:
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Safestay PLC - London-based hostel operator - Executive Chair Larry Lipman leaves the board immediately after 15 years with the company. Non-Executive Director Paul Cummins is promoted to executive chair, also effective immediately, having been a director or alternate director since 2018. Cummins is the investment director of Pyrrho Investments Ltd, which is Safestay's largest shareholder with a 29.3% stake. Chief Financial Officer Carlos Salas Dual and Chief Operating Officer Davide Caschili, both board directors, will report to Cummins.
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Weir PLC - Glasgow, Scotland-based engineering services for mining and infrastructure - Hires Marc Cameron to be president of its Minerals division. Cameron most recently was senior vice president of Resource Industries at Caterpillar Inc, an Irving, Texas-based heavy machinery maker. Before joining Caterpillar in 2020, he spent two decades at miner Rio Tinto PLC. Cameron will join Weir on October 26 and be based in Fort Worth, Texas.
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ME Group International PLC - Epsom, England-based maker of automated self-service equipment including photo booths and launderettes - CFO Stephane Gibon takes temporary medical leave. Deputy Finance Director Ludovic Liaut, a 27-year ME Group veteran, will act as interim CFO during his absence.
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SDI Group PLC - Cambridge, England-based developer of scientific and technology products for digital imaging and sensing control applications - Non-Executive Chair Ken Ford will leave on November 25, having been chair since 2012. SDI hires Ben Stocks to be its new chair, joining the board on November 1. Stocks most recently served as non-executive chair of Xaar PLC and, until last year, as chief executive officer of Porvair PLC, both London-listed. Xaar develops industrial inkjet printing technology, while Porvair provides filtration, laboratory and environmental technology.
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NeoTerra Group PLC - "critical minerals" exploration and development in Africa, formerly known as Altona Rare Earths - Hires Remy Welschinger to replace Harvey Sinclair as chair on November 1. Welschinger is CEO of Arc Minerals Ltd and a director of Firering Strategic Minerals PLC, both London-listed.
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Guardian Metal Resources PLC - tungsten exploration and project development in the US state of Nevada - Hires David Hendriks to be COO. Most recently, he was COO of Centerra Gold Inc, managing its operations in Nevada.
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