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New Century board shake up

With Sibanye-Stillwater having acquired the remaining shares of New Century Resources, New Century Resources has announced the resignation of non-executive director and chairman, Kerry Gleeson.

The news comes after New Century announced Sibanye’s offer of buying all of its fully paid ordinary shares at $1.10 per share is scheduled to close May 15.

Kerry Gleeson is an experienced non-executive director following a 30-year career as a senior executive and a lawyer in both Australia and the United Kingdom.

Gleeson has expertise in areas such as international governance, strategic mergers and acquisitions, complex corporate finance transactions, and risk and crisis management.

New Century managing director and chief executive officer Robert Cooper said the company is thankful for Gleeson’s service.

“On behalf of the New Century team, I thank Kerry for her diligence and service as non-executive director, and more recently, as chairman of the board,” Cooper said.

“Kerry has been an unwavering source of wise counsel and leadership to the board and management team during a period of significant change for the business. We wish her well in her future endeavours.”

As Gleeson leaves, two non-executive directors have been appointed to the New Century board.

Appointed non-executive directors Stephan Stander and Benjamin Dry came from Sibanye. Stander is senior vice president of mineral resource management and Dry is a senior business development manager.

This is just the beginning of changes made as a result of the Sibanye-Stillwater’s acquisition of New Century Resources.

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