– IRELAND, Clonee – Ormonde Mining PLC (LON: ORM) today announced the appointment of Board member Brendan McMorrow as CEO with immediate effect.
“The new Board is acutely aware that shareholders have been waiting a long time for the Company to deliver a return to shareholders and, more recently, to utilise its balance sheet and deliver a strategy creating meaningful shareholder value. Working with Brendan, our priority is to evaluate and execute an opportunity or opportunities whereby Ormonde can leverage its listing and balance sheet to generate shareholder value. We will do this alongside reviewing the Company’s existing assets to maximise opportunities therein, while placing a strong emphasis on cash preservation.” said Board Chairman, Brian Timmons.
About Brendan McMorrow
Mr McMorrow has over 25 years of experience as a senior executive and director of publicly listed natural resources companies and will assist the Company in the identification of new opportunities within the natural resources sector. The position of CEO will be reviewed in the context of the completion of a transaction.
In addition to his position as CEO, Mr. McMorrow will continue to act as Company Secretary, and Chair of the Audit Committee and will sit on the Remuneration, Technical, and ESG Committees.
For more information: http://ormondemining.com/
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