– UK, London – Anglo Pacific Group PLC (LSE: APF) (TSX: APY) announces the appointment of Julian Treger as Chief Executive Officer and Mark Potter as Chief Investment Officer of the Company with immediate effect. The appointment includes their election onto the Board of Anglo Pacific. Julian Treger and Mark Potter will succeed John Theobald and Chris Orchard, who are also to retire from the Anglo Pacific Board, in their respective roles.
Between them, Julian Treger and Mark Potter have over 35 years of experience in special situations investing and corporate finance advisory, with a principal focus on the natural resources sector. Most recently they have served as the principals of Audley Capital Advisors LLP (“Audley”), an investment advisory firm, managing value-orientated, special situations investment strategies through hedge fund and co-investment vehicles. Audley’s flagship European Opportunities Fund, a long-biased hedge fund investing in value-impaired listed equities, has had a strong track record in the mining sector.
Brian Wides, Chairman of Anglo Pacific, commented: “I would like to take this opportunity to thank John Theobald and Chris Orchard for their invaluable contribution to the growth of our company during the last few years. On behalf of the Board and all of our staff, we wish them well for the future. In joining our team, Julian and Mark bring a strong track record of successful investing in the mining sector and a level of financial expertise that will be of substantial benefit to Anglo Pacific’s current portfolio of royalty investments and to future activity. This is an exciting time for the Company and I am confident they will be able to lead the company successfully during its next phase of growth.”
Julian Treger, incoming Chief Executive Officer, commented: “This is an opportunity to create a leading international mining royalty investment company with a focus on yield and return, and comes at an opportune time given the expected recovery in commodity prices over the medium and long-term. The existing portfolio provides a solid asset base on which to grow royalty and dividend income to the benefit of Anglo Pacific shareholders.”
John Theobald, outgoing Chief Executive Officer, commented: “Chris Orchard and I are pleased to have seen Anglo Pacific grow its portfolio of royalty investments during our tenure, despite the difficult macroeconomic environment. We feel there are great opportunities to continue this growth and are delighted to hand over with confidence to Julian and Mark.”
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