Capital announces Peter Stokes to its Board of Directors as CEO

– MAURITIUS, Ebene Cyber City –  Capital Limited (LON: CAPD) today announced the appointment of Peter Stokes to its Board of Directors as CEO effective from 03 October 2022, while Jamie Boyton remains as Executive Chairman.

“Peter Stokes’ appointment as CEO of Capital marks the next phase of the Company’s growth strategy. Peter’s experience in running large and complex businesses across many different markets, as well as his considerable experience in the metals and mining industry, makes him ideal to take over the leadership of the business as it continues to grow rapidly across all our key pillars. I and the Board look forward to working with Peter to further consolidate Capital as a world class mining services provider.” said Executive Chairman, Jamie Boyton.

About Peter Stokes

Mr. Stokes has significant senior executive experience spanning more than 25 years across the resources and logistics industries. Most recently Mr. Stokes was President of Global Logistics, a critical operational role, for Toll Group, one of the largest logistics and transport businesses in Asia.

Before Toll Group, Mr. Stokes was CEO of Barminco Limited, an international leader in mechanized hard-rock underground mining, where he reported to the Board and was responsible for all aspects of leading the company.

Peter Stokes said: “I am delighted to be appointed CEO by the Board of Capital, a business which is entering a significant and sustainable phase of its growth strategy. I am very much looking forward to working with the entire team and the Board in continuing to deliver value to all of our stakeholders as Capital enters the next chapter of its development”.

Before joining Barminco, Peter was COO at Linfox, a leading Asia Pacific logistics group providing integrated supply chain solutions across Australia, Asia, and New Zealand. Before that, he was at Accenture for 11 years (as a Partner for the final 2 years) focused on the resources sectors. Beyond his industry experience, Mr. Stokes’ qualifications include an Advanced Management program from Harvard Business School (Boston, USA), Master of Business Administration from Bond University (Queensland, Australia), Master of Applied Science (Mining and Mineral Technology) from Western Australian School of Mines (Kalgoorlie, Australia), and Bachelor of Science (Honours/Geology) from the University of Western Australia (Perth, Australia).

About Capital Limited

Capital Limited is a leading mining services company providing a complete range of drilling, mining, maintenance, and geochemical laboratory solutions to customers within the global minerals industry, focusing on the African markets. The Company’s services include exploration, delineation, and production drilling; load and haul services; maintenance; and geochemical analysis. The Group’s corporate headquarters are in Mauritius and has established operations in Burkina Faso, Côte d’Ivoire, Canada, Egypt, Guinea, Kenya, Mali, Mauritania, Nigeria, Saudi Arabia, and Tanzania.

For more information: https://www.capdrill.com/

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