Emerging African phosphate producer and developer Kropz reports that outgoing CEO Mark Summers and COO Michelle Lawrence have agreed to remain in their positions until the company concludes a recruitment process for their successors.
Summers, who announced his resignation on July 20, and Lawrence agreed under short-term consulting agreements to stay with Kropz to assist with a handover to a new CEO and ensure continuity of the operations across the company.
The Kropz board has identified and is in the process of engaging with a potential candidate to take over the role of CEO and executive director of Kropz and its subsidiaries – an endeavour it plans to finalise by early January 2023.
Meanwhile, Kropz reports that progress is also being made regarding the first bulk concentrate sale of 30 000 t from the Kropz Elandsfontein operation in South Africa, is expected to ship in early 2023.
The product, which has been generated throughout the commissioning and ramp-up period, will be sold at a discount to current market prices.