– UK, Ely – Beowulf Mining PLC (LON: BEM), the mineral exploration and development company, today announced the appointment of Sven Otto Littorin to its Board of Directors as Non-Executive Chairman, effective immediately, succeeding Göran Färm steps down today as Non-Executive Chairman.
“I am very pleased to welcome Sven Otto Littorin as Beowulf’s new Chairman and, on behalf of the Board” said CEO, Kurt Budge. “As Beowulf is almost 68 per cent owned by Swedish shareholders, the foundation of the Company’s asset base remains the Kallak Iron Ore Project, and following the announced Capital Raising, Sven Otto Littorin’s appointment is very timely and serves to maintain our strong market presence and the sustainable development of our mining business.”
The Board is grateful for the hard work and efforts of Mr Färm since his appointment in October 2017 and wishes him well for the future.
Kurt Budge added: “I would again like to thank Göran Färm for his valued support over the last three years.”
About Sven Otto Littorin
Mr Littorin is a former politician and Sweden’s Minister for Employment from 2006 to 2010. Since leaving government, he co-founded his own real estate development company and has held a number of advisory positions across Europe, North America and the Middle East. Most recent positions include serving as a member of the Advisory Board of Gravitas in Austria, a Partner with The Labyrinth Public Affairs in Sweden, and an Advisor to the Human Resources Development Fund in Saudi Arabia. Mr Littorin holds a BSc in Economics and Business from Lund University.
Sven Otto Littorin commented: “I am very pleased to join the Board as Chairman of Beowulf Mining plc. Beowulf aims to be a valuable partner in Swedish mining innovation, fossil-free enterprise, sustainable development and the Circular Economy. As such, it is a cornerstone of the foundation on which Jokkmokk’s and indeed Norbotten’s future could be built. I am very pleased to be a part of this future.”
For more information: https://beowulfmining.com/
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