Pan-African multi-commodity mining company Mwana Africa PLC on Wednesday announced the departure of Kalaa Mpinga as CEO with immediate effect.
Yat Hoi Ning, formerly Interim non-executive Chairman, has become executive chairman and Scott Morrison, who was appointed as a non-executive director of Mwana at the EGM on Tuesday, has become senior independent non-executive director.
The company noted that these changes have been approved by the board of directors and will take effect immediately.
The nominations committee, which comprises of Ning, Wellesley-Wood and Morrison, will now initiate an executive search to find a suitable successor to fill the position of chief executive officer.
Ning said: “Mr Mpinga has been a great asset in the creation of Mwana and throughout its development to date. We wish him all the best in the future.
“With these recent changes to the Board having now taken place it marks a clear new beginning for Mwana and its shareholders, and we are confident that we have all the necessary qualities and experience to deliver success in the future.”
Mwana said the terms of Mpinga’s departure were still to be finalised and agreed by both parties.