Starvest PLC Directorate Change (7734X)
September 01 2022 - 2:02AM
UK Regulatory
TIDMSVE
RNS Number : 7734X
Starvest PLC
01 September 2022
01 September 2022
Starvest Plc ("Starvest" or the "Company")
Board Changes
Starvest Plc (LON:SVE), the London Stock Exchange AIM-listed
specialist mining and resources investment company, announces
changes to the board, effective from 1(st) September 2022.
Highlights:
-- Callum Baxter appointed as Non-Executive Chairman
-- Mark Badros appointed as CEO
Callum Baxter, who has served as both Chairman and CEO of
Starvest since September 2015, will step down as CEO but remain as
Non-Executive Chairman. Mark Badros, who has served as a
Non-Executive Director since December 2018, is appointed CEO.
Mark Badros graduated magna cum laude from Princeton University
and received his law degree cum laude from Harvard Law School. He
began his career practicing securities, mergers and acquisitions,
and corporate law in New York. Mark has more than 15 years of
investment experience in public and private equities and has worked
as an analyst and investment manager at mutual funds and hedge
funds, including Merrill Lynch Investment Managers, Zweig-DiMenna
Associates, Highland Capital and Ironbound Capital.
The Board changes take effect from 1(st) September 2022.
The changes to the Board reflect the Company's focus on
strengthening corporate governance practices and aligning more
closely with the QCA corporate governance guidelines. Over the
coming months, the Company expects to evaluate the possibility of
adding one or more independent Non-Executive Directors to enhance
the depth and breadth of the Board's expertise.
Callum Baxter, Chairman, commented: "Mark has a solid investment
background and deep knowledge of corporate activities. He has
worked successfully with Starvest for several years achieving
positive outcomes and understands the Company, our shareholders,
the Company's investment strategy, and the market. I welcome his
appointment as CEO of Starvest and look forward to continuing to
work with Mark, and other members of the board, as Non-Executive
Chairman."
Mark Badros, CEO, commented: " Many thanks to Callum for his
successful leadership of the Company during an especially
challenging period. I look forward to working with him to enhance
shareholder value by identifying attractive investment
opportunities and building on the Company's assets in a
risk-controlled manner."
Investors are encouraged to view our RNS feed on the Starvest
web site www.starvest.co.uk/announcements
Investors are also encouraged to follow and review the RNS and
other news flows issued or otherwise disseminated by Greatland Gold
plc, an investee company which constitutes a large portion of
Starvest's trading portfolio value and whose share price can
influence that of Starvest.
www.greatlandgold.com/media/investor-news/
Enquiries to:
Starvest PLC
Mark Badros or Gemma Cryan 02077 696 876 info@starvest.co.uk
Grant Thornton UK LLP (Nomad)
Colin Aaronson, Harrison Clarke or Ciara Donnelly 02073 835
100
SI Capital Ltd (Broker)
Nick Emerson or Alan Gunn 01483 413 500
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END
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