JSE-listed Merafe Resources has advised that nonexecutive director and remuneration committee member Michael Toman has resigned and will be succeeded by Daniel Green.
Toman’s resignation comes as a result of being promoted to a new role within Glencore Ferroalloys, which includes management of the Glencore Merafe Chrome Venture, which would have placed him in a conflicted position on the board.
Meanwhile, Green is a chartered accountant with 11 years’ advisory experience in the banking, finance, marketing and mining sectors. He is currently the head of business development for Glencore’s ferroalloys and South African coal divisions.