JOHANNESBURG (miningweekly.com) – London-listed Baobab Resources on Friday announced the appointment of current CFO and new business manager Frank Eagar as FD and executive of the company.
As a business development executive, Eagar had been instrumental in the origination and execution of a number of equity and debt transactions and capital raisings by means of initial public offerings and project finance of green and brownfield projects across Africa and Eastern Europe, resulting in, among other things, strong working relationships with international investment banks and finance institutions, Baobab said in a statement.
"We are delighted to welcome Frank to the board, having been an integral part of the management team for the past year. He shares our vision and dedication to build the Tete pig iron project into a high-value, sustainable multicommodity operation,” Baobab chairperson Jeremy Dowler commented.
Meanwhile, Baobab on Friday also announced the resignation of nonexecutive director Jonathan Beardsworth.