REG - Resolute Mining Ltd - Resolute COO Terry Holohan to be appointed CEO

Resolute MiningAnnouncement

19/04/2022 07:00

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RNS Number : 5553I  Resolute Mining Limited  19 April 2022

19 April 2022

 

Resolute Mining Limited

(Resolute or the Company)

 

Resolute COO Terry Holohan to be appointed CEO

 

Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) advises that
the Company's Chief Executive Officer (CEO) role will transition to current
Chief Operating Officer (COO) Mr Terry Holohan following the resignation of Mr
Stuart Gale as Managing Director and CEO.

Mr Holohan will formally take over as CEO after Mr Gale leaves the Company in
order to pursue an opportunity in the Australia-focussed resources sector.
While Mr Gale ceases to be a director of the Company, in accordance with
Resolute's constitution, he will continue to work during his contractual
notice period to the extent required by the Board to ensure a smooth
transition.

Mr Holohan is an experienced mining sector executive with more than 40 years
in the industry, including seven years experience as CEO for two mining
companies. Thirty of those years have been spent working in Africa with a
range of precious and base metals mining projects.

Mr Holohan was appointed as COO in May 2021 and since then has been
responsible for all aspects of the Company's operations and projects.  He has
been instrumental in resetting the operations at the Company's flagship Syama
mine in Mali, where operations are progressing well and in line with
expectations following the recent planned sulphide plant shutdown.

Resolute Chairman, Martin Botha said: "Strengthening our senior leadership
team has been a strategic focus at Resolute, and this attention to succession
planning will allow us to manage the current transition with minimal
disruption to the business.  We are fortunate to have someone of Terry's
calibre and extensive experience already in the Company to assume the CEO
role.

"Terry's deep technical and operational expertise, as well as his extensive
experience in working in Africa will be of particular relevance to the Company
during the current focus on operational improvement and repositioning for
improved shareholder returns.

"I would like to thank Stuart for his leadership and commitment during a
challenging period for the Company - both in terms of managing the impact of
COVID-19 on our business and people, but also in focusing on operational
improvement and productivity.  We wish him all the best in his new venture."

CEO designate Terry Holohan, said: "This is an important period for Resolute
and I look forward to working with the Board to build on the operational
improvements we have been making to take the Company forward.  There is more
work to be done here and my priority as CEO will be to ensure the Company is
best positioned to achieve this, and that we have the right people, systems
and procedures in place to do so."

The terms and conditions relating to Mr Holohan's employment as CEO will be
finalised and announced upon him formally commencing the role.

 

 

Contact Information

 Resolute                                                                   Public Relations

James Virgo, GM Finance and Investor Relations

                                                                          Jos Simson, Tavistock
 contact@rml.com.au (mailto:contact@rml.com.au)

                                                                          resolute@tavistock.co.uk (mailto:resolute@tavistock.co.uk)
 +61 8 9261 6100

                                                                          +44 207 920 3150

 

 Media

                                                                          Oliver Lamb, Tavistock
 Cameron Morse, FTI Consulting

                                                                          resolute@tavistock.co.uk (mailto:resolute@tavistock.co.uk)
 cameron.morse@fticonsulting.com (mailto:cameron.morse@fticonsulting.com)

                                                                          +44 778 855 4035
 +61 433 886 871

                                                                          Corporate Broker

                                                                            Matthew Armitt, Berenberg

Detlir Elezi, Berenberg

                                                                            +44 20 3207 7800

 

Authorised by Mr. Stuart Gale, Chief Executive Officer

 

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