TIDMZOX

RNS Number : 5433L

ZincOx Resources PLC

07 July 2014

ZincOx Resources Plc

("ZincOx" or the "Company")

Board Changes

ZincOx Resources plc, (AIM:ZOX) the developer of one of the largest electric arc furnace dust recycling facilities in the world, is pleased to announce the appointment of Rod Beddows as the independent Interim Non-Executive Chairman with immediate effect. Dr Beddows' appointment marks the separation of the roles of Chairman and Chief Executive Officer, in line with the undertaking made to the International Finance Corporation following its investment in the Company late in 2013. Dr Beddows, previously ZincOx's Deputy Chairman, replaces Andrew Woollett who remains as Chief Executive Officer.

Rod Beddows has over 30 years of experience as a strategy consultant and financial adviser to mining and metals companies. He was the co-founder of Hatch Corporate Finance (now HCF International Advisers), acted as its CEO for seven years and now holds the position of Director and Senior Adviser. Prior to HCF, he founded and acted as Chairman and CEO of Beddows and Co, one of the steel industry's foremost consultancy groups. Dr Beddows was appointed to the ZincOx Board in February 2008, chairs the Nomination Committee and also sits on the Remuneration Committee

Commenting on the announcement;

Andrew Woollett, Chief Executive Officer, said: "As we complete the ramp-up to full production at the Korean Recycling Plant, we are beginning to focus on reshaping the Board to reflect the changing priorities and growth strategy of the Company. I am delighted that Rod Beddows has agreed to act as Chairman during this period of change. Rod is uniquely qualified to do so, combining a clear understanding of ZincOx's business, with a strong track record as a resource industry strategist"

Rod Beddows, Interim Non-Executive Chairman, said: "I would like to thank Andrew Woollett for his hard work as Chairman over the past nine years. We all look forward to his continuing contribution as CEO. ZincOx is entering a new and exciting period of growth and I look forward to supporting the management during this transition".

For further information please contact:

 
                                       Tel: +44 (0) 127 
 ZincOx Resources plc                   645 0100 
 Andrew Woollett, Chief Executive 
  Officer 
 
   Peel Hunt LLP (Nominated Adviser      Tel: +44 (0) 207 
   and Joint Broker)                     418 8900 
 Richard Kauffer 
  Daniel Harris 
 finnCap Limited (Joint Broker) 
  Matthew Robinson                       Tel: +44 (0) 207 
  Joanna Weaving                         220 0500 
 Tavistock Communications (Financial 
  PR)                                    Tel: +44 (0) 207 
  Simon Hudson                           920 3150 
  Nuala Gallagher

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOASSIFILFLSEFW

Zincox (LSE:ZOX)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Zincox Charts.
Zincox (LSE:ZOX)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Zincox Charts.