JOHANNESBURG (miningweekly.com) – Aim-listed West and East Africa-focused mineral exploration company Alecto Minerals on Friday announced the appointment of Mark Wellesley-Wood as nonexecutive chairperson with immediate effect.
Wellesley-Wood, who was until recently a director within the corporate finance division of Investec Investment Banking and Securities in London, succeeded outgoing Alecto nonexecutive chairperson Michael Johnson who had stepped down to pursue other business interests.
Wellesley-Wood had been closely involved in mining activities in Africa throughout his career, having served as executive chairperson and CEO of South African gold miner DRDGold, besides other positions.
“I am delighted to welcome Mark to the Alecto board and look forward to benefitting from his wealth of experience in the mining and investment arenas.
“His expertise and network will be particularly useful as we pursue our strategy of building value across our gold and base metals portfolio in Africa through exploration and by rolling out our joint venture model, which has been successfully applied to our Ethiopian gold assets,” Alecto CEO Mark Jones commented.