LONDON - Tirupati Graphite plc (LSE:TGR), a producer of flake graphite, has announced a significant overhaul of its executive team and organizational structure in a move aimed at improving corporate governance and operational efficiencies. The changes include the appointment of a new executive director and co-CEO, as well as several key positions within the Senior Executive Management Team.
Effective immediately, Mr. Anthony James Nieuwenhuys steps in as an executive director and is slated to become co-CEO alongside Mr. Shishir Poddar, with a transition of full executive powers planned over time. Nieuwenhuys brings a wealth of experience from his previous roles as CEO of listed mining companies and is expected to contribute significantly to Tirupati's ongoing projects in Madagascar and Mozambique.
The company also announced the forthcoming appointment of an interim-CFO based in London, whose name will be disclosed upon finalization of discussions and contract execution.
Additional appointments to the Senior Executive Management Team include Dr. Uday Singh as Project Director for Madagascar and Mozambique, Mr. Harshit Poddar as Head of Sales and Marketing, and Mr. Alastair Bath as Head of Special Projects and Corporate Communications. These roles are subject to the execution of their employment contracts.
Furthermore, Tirupati Graphite has engaged an experienced mining industry accounting professional based in India to support the financial system and ongoing audit processes. An Advisory Committee has also been established, consisting of industry and financial experts such as Mr. Takis Efstathiou and Mr. Hemant Poddar, to provide ongoing expert advice to the company.
Executive Chairman Mark Rollins (NYSE:ROL) expressed confidence in the restructured team's ability to deliver on the company's value proposition, emphasizing the unique position of Tirupati as an ex-China flake graphite producer.
This announcement follows Tirupati's commitment to sustainable operations in the critical mineral sector, which is integral to the global energy transition. The company's operational footprint includes projects in Madagascar with a combined production capacity of 30,000 tons per annum, and advanced stage projects in Mozambique.
The information in this article is based on a press release statement from Tirupati Graphite plc.
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