By ETimes
HARARE – CALEDONIA Mining Corporation Plc said on Thursday its chairman will step down following next week’s annual shareholder meeting, with an independent director expected to assume the role.
The gold producer announced that John Kelly intends to relinquish his position as chairman at the conclusion of the company’s annual general meeting scheduled for May 5, as part of a planned leadership succession.
Kelly, who has been on the board since 2012 and chaired it for the past three years, is expected to remain involved as a non-executive director, subject to shareholder re-election, ensuring continuity at the board level.
The company said July Ndlovu, currently serving as an independent non-executive director, has indicated willingness to take up the chairmanship. His appointment will depend on board approval following the AGM, in line with the firm’s annual process.
Reflecting on his tenure, Kelly said: “It has been a privilege to serve as chairman over the past three years, and to have supported the Company through a period of significant transition and change.”
He added that the company is “well positioned for the future,” citing strong performance at Blanket Mine and progress toward its next growth phase.
Ndlovu said he was “honoured to be considered for the role of Chairman at an important point in the Company’s development,” highlighting “strong operating foundations” and growth potential linked to the Bilboes project.
Chief executive officer Mark Learmonth praised Kelly’s leadership, saying his “guidance and focus on governance and strategic progress have been invaluable,” and welcomed the prospect of working with Ndlovu once formally appointed.
Kelly’s tenure saw the company navigate a period of operational stability and strategic advancement, particularly at its flagship Blanket Mine, while laying groundwork for future expansion.
Discover more from Etimes
Subscribe to get the latest posts sent to your email.