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Kropz Plc announced on 20 July 2022 that Mark Summers, its Chief Executive Officer and Executive Director, will step down from his roles. His resignation is effective at the end of 2022. The Board has commenced a process to appoint a new CEO.
| Date | 20 Jul 2022 |
| Time | 07:00:08 |
| Category | Board changes |
| ID | 0294T |
20 July 2022
Kropz Plc
("Kropz" or the "Company")
Notice of Director Resignation
Mark Summers to step down at the end of 2022
Kropz plc (AIM: KRPZ), an emerging African phosphate producer, announces that Mark Summers, Chief Executive Officer ("CEO") has decided to stand down as CEO and Executive Director of the Company at the end of 2022. The Board has commenced a process with a view to appointing a new CEO. Mark will continue to work with the Kropz team and his replacement, once appointed, to ensure an orderly hand over and that the day-to-day activities of the business continues.
Further announcements will be made as the CEO process progresses.
Lord Robin William Renwick of Clifton, Non-Executive Chairman of Kropz, commented:
"Both I and the Board have been extremely grateful to Mark for his excellent service to the Company over the past several years."
Mark Summers, commented:
"We have achieved a great deal since I joined in 2015. With Elandsfontein now moving into the operational phase, and the way forward at Hinda well-defined, I have decided that the time is right to hand over the reins at Kropz and seek new opportunities. I would like to thank our shareholders for all their support as well as all the team at Kropz for their incredible hard work and commitment. I wish them every success in the future."
For further information visit www.kropz.com or contact:
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Kropz Plc |
Via Tavistock |
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Mark Summers (CEO) |
+44 (0) 207 920 3150 |
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Grant Thornton UK LLP |
Nominated Adviser |
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Samantha Harrison Harrison Clarke George Grainger Ciara Donnelly |
+44 (0) 20 7383 5100 |
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Hannam & Partners |
Broker |
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Andrew Chubb Ernest Bell |
+44 (0)20 7907 8500 |
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Tavistock |
Financial PR & IR (UK) |
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Emily Moss Nick Elwes Adam Baynes |
+44 (0) 207 920 3150 kropz@tavistock.co.uk |
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R&A Strategic Communications |
PR (South Africa) |
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James Duncan |
+27 (0)11 880 3924 james@rasc.co.za |
About Kropz Plc
Kropz is an emerging African phosphate producer and developer, with an advanced stage phosphate mining project in South Africa and a phosphate project in the Republic of Congo. The vision of the Group is to become a leading independent phosphate rock producer and to develop into an integrated, mine-to-market plant nutrient company focusing on sub-Saharan Africa.
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