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RNS Number : 0072Y Capital Limited 02 September 2022
For Immediate Release 02 September 2022
Capital Limited
("Capital", the "Group" or the "Company")
Appointment of CEO
Capital Limited (CAPD:LN) is pleased to announce the appointment of Mr Peter
Stokes as Chief Executive Officer ("CEO") with effect from 03 October 2022.
Mr Stokes will be based in Perth where Capital has an established office and
presence. Mr Stokes will also join the Board of Capital as an Executive
Director with Jamie Boyton remaining as Executive Chairman.
These changes represent further steps in reshaping and strengthening the
Company's leadership team while also adhering to the Company's commitment to
the highest levels of corporate governance. Jamie Boyton, currently Executive
Chairman, will oversee a handover period with Mr Stokes over the ensuing six
month period.
Commenting on the appointment, Mr Jamie Boyton, Executive Chairman, said:
"Peter Stokes' appointment as CEO of Capital marks the next phase of the
Company's growth strategy. Peter's experience in running large and complex
businesses across many different markets, as well as his considerable
experience in the metals and mining industry, makes him ideal to take over the
leadership of the business as it continues to grow rapidly across all our key
pillars. I and the Board look forward to working with Peter to further
consolidate Capital as a world class mining services provider."
Peter Stokes said:
"I am delighted to be appointed CEO by the Board of Capital, a business which
is entering a significant and sustainable phase of its growth strategy. I am
very much looking forward to working with the entire team and the Board in
continuing to deliver value to all of our stakeholders as Capital enters the
next chapter of its development".
Peter Stokes Biography
Mr Stokes has significant senior executive experience spanning more than 25
years across the resources and logistics industries. Most recently Mr Stokes
was President Global Logistics, a key operational role, for Toll Group, one of
the largest logistics and transport businesses in Asia.
Prior to Toll Group, Mr Stokes was CEO of Barminco Limited ("Barminco"), an
international leader in
mechanised hard-rock underground mining, where he reported to the Board and
was responsible for all aspects of leading the company.
Prior to joining Barminco, Peter was the Chief Operating Officer at Linfox, a
leading Asia Pacific logistics group providing integrated supply chain
solutions across Australia, Asia and New Zealand. Prior to that he was at
Accenture for 11 years (as Partner for the final 2 years) focused in the
resources sectors. Beyond his industry experience, Mr Stokes' qualifications
include Advanced Management program from Harvard Business School (Boston,
USA), Master of Business Administration from Bond University (Queensland,
Australia), Master of Applied Science (Mining and Mineral Technology) from
Western Australian School of Mines (Kargoolie, Australia), and Bachelor of
Science (Honours/Geology) from the University of Western Australia (Perth,
Australia).
There are no further details that are required to be disclosed in respect of
the appointment under LR9.6.13 of the Listing Rules of the Financial Conduct
Authority.
- ENDS -
For further information, please visit Capital Limited's website
www.capdrill.com or contact:
Capital Limited
+230 464 3250
Jamie Boyton, Executive Chairman
investor@capdrill.com
Giles Everist, Chief Financial Officer
Conor Rowley, Investor Relations & Corporate Development Manager
Tamesis Partners LLP
+44 20 3882 2868
Charlie Bendon
Richard Greenfield
Stifel Nicolaus Europe Limited
+44 20 7710 7600
Ashton Clanfield
Callum Stewart
Rory Blundell
Berenberg
+44 20 3207 7800
Matthew Armitt
Jennifer Wyllie
Detlir Elezi
Buchanan
+44 20 7466 5000
Bobby
Morse
capital@buchanan.uk.com
George Cleary
About Capital Limited
Capital Limited is a leading mining services company providing a complete
range of drilling, mining, maintenance and geochemical laboratory solutions to
customers within the global minerals industry, focusing on the African
markets. The Company's services include: exploration, delineation and
production drilling; load and haul services; maintenance; and geochemical
analysis. The Group's corporate headquarters are in Mauritius and it has
established operations in Burkina Faso, Côte d'Ivoire, Canada, Egypt, Guinea,
Kenya, Mali, Mauritania, Nigeria, Saudi Arabia and Tanzania.
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