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Be the first with the news that moves the market- Non-Executive Chairman of Kogi Iron (KFE) Craig Hart offers to step down from the board effective immediately
- While no further details have been announced as to why Mr Hart is stepping down, he will be replaced by Non-Executive Director Sean Gregory
- Additionally, Non-Executive Director Richard Little has also offered to step down but will continue to provide financial management services on a consulting basis
- Kogi Iron is now in the process of searching for a dedicated CEO to drive its projects to the next level of development
- Kogi Iron ends the day 28.6 per cent in the red with shares trading at 0.5 cents
Non-Executive Chairman of Kogi Iron (KFE) Craig Hart has offered to step down from the board effective immediately.
Mr Hart has 30 years of extensive legal and commercial experience across Australia and Asia.
He has previously held senior executive roles with ASX-listed Photo Group, now known as Enero (EGG) and NYSE-listed Omnicom.
While no further details have been announced as to why Mr Hart is stepping down, he will be replaced by Sean Gregory.
Mr Gregory has more than 20 years of experience in iron ore, lithium, cobalt, nickel and gold exploration, mining and development.
Prior to joining Kogi Iron, he held leadership roles at BHP (BHP), Barra Resources, Mineral Resources (MIN) and Murchison Metals.
Further, Mr Gregory will continue as a Non-Executive Director along with Ashley Pattison and Peter Huljich.
Additionally, Non-Executive Director Richard Little has also offered to step down but will continue to provide financial management services on a consulting basis.
Kogi Iron is now in the process of searching for a dedicated CEO to drive its projects to the next level of development.
“On behalf of the Board, I would like to express our sincere thanks to Craig and Richard for their significant contributions to the company since September 2020 and November 2020 respectively,” Mr Gregory said.
“During this time, the business case for the Agbaja Iron and Steel project has significantly improved with the recent developments in the global and Nigerian steel market as highlighted in the Fastmarkets report and earlier Scoping Study.
“Both of these projects now demand the focus of a dedicated Chief Executive Officer and a search has now commenced.”
Kogi Iron has ended the day 28.6 per cent in the red with shares trading at 0.5 cents.
