– UK, London – East West Resources Plc is pleased to announce the appointment of Kevin Lyon and Edward Marlow as non-executive directors of the Company with immediate effect.
Mr Lyon is a chartered accountant, with over 30 years of experience in private equity and in senior Director positions in a number of different companies. He spent approximately 17 years with the 3i Group, responsible for their core private equity business across the UK. Mr Lyon was chairman of Smart Metering Systems plc and Valiant Petroleum plc and non-executive director of Booker Group plc. He is currently chairman of Mono Global Group, Cutis Developments and NextEnergy Solar Fund Limited and also serves as an independent director of DCK Group. He is also a member of the Institute for Turnaround Professionals and won the Institute of Directors Scotland, Non-Executive Director of the Year Award in March 2013.
Mr Marlow was, until July 2011, a Managing Director at Credit Suisse and was previously Global Head of Coverage for Principal Investments at HSBC. In September 2007, Mr Marlow founded HSBC’s Principal Investments Africa team having worked and travelled extensively in Africa for more than 20 years. He has over 10 years of specific investment and advisory experience in sub-Saharan Africa with a particular emphasis on natural resources. Mr Marlow also has considerable experience of the UK and Canadian resource markets and is currently Chairman of Sanatana Resources Inc (TSX) and a non-executive director of Thor Explorations Ltd (TSX). He is also Chief Executive Officer of African Potash Limited, an AIM listed company. He was formerly on the boards of ESO Uranium Corp (TSX) and Kopane Diamonds plc (AIM).
The Company also announces that Robert Ashley has resigned his position as a non-executive director of the Company with immediate effect. Rob Ashley served as Chief Executive Officer of EWR on an interim basis from February 2011 until November 2012.
Charles Crick, Chairman of EWR, commented: “I am delighted to welcome Kevin Lyon and Ed Marlow to the Board and look forward to working with them in the further development of the Group and its activities. I also take this opportunity to thank Rob Ashley for his valuable contribution to the Group over the years of his involvement with the Company.”
About East West Resources
EWR is primarily active in the physical trading of base metals (primarily copper). It sources and supplies a variety of commodities to end users all over the world. Supported by its offices in London, Shanghai and a network of agents in North and South America, Asia and the Middle East, EWR provides producers and consumers with its marketing insight whilst emphasizing the financing and risk management aspect of its trading activities. EWR also holds and manages a number of equity investments. EWR is quoted on the AIM section of the London Stock Exchange under the ticker symbol EWR.
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