– UK, London – Savannah Resources plc (LON: SAV), the European lithium development company, today announced the appointments to its Board of Mary Jo Jacobi as an Independent Non-Executive Director and Manohar Pundalik Shenoy as Non-Executive Director, effective from 7 April 2022.
Previously Mr Shenoy acted as alternate director for Maqbool Ali Sultan effective from July 2016.
Mary Jo Jacobi will also join the Remuneration and Audit and Risk Committees, while Manohar Pundalik Shenoy will continue on the Remuneration and Audit and Risk Committees.
The company also announced the retirements of Maqbool Ali Sultan and Murtadha Ahmed Sultan from the Board effective on 7 April 2022.
“I am delighted to welcome Mary Jo Jacobi and Manohar Shenoy to the Board. Mary Jo is a doyenne of the ESG movement and will oversee Savannah’s ESG programme going forward. She also has a wealth of relevant industry expertise via her past roles with Shell and BP and her current position at the Weir Group. Manohar has provided very valuable support and guidance to us over a number of years now in his role as alternate director to Maqbool Sultan and his memberships of our Audit and Risk and Remuneration Committees. It is therefore very fitting that he should now become a full Board member.” said Board hairman, Matthew King.
About Mary Jo Jacobi
Mary Jo Jacobi is a business strategy and reputation management consultant with considerable experience advising clients in the natural resources industries. She is also the non-executive director for focussing on employee engagement of The Weir Group plc. Mary Jo has held senior executive positions with BP America, Royal Dutch Shell, Lehman Brothers, HSBC Holdings, and Drexel Burnham Lambert. In the public sector she was appointed a member of the UK Advisory Committee on Business Appointments, one of Her Majesty’s Civil Service Commissioners, Assistant United States Secretary of Commerce, and Special Assistant to US President Ronald Reagan. She also has been a non-executive director of Mulvaney Capital Management, Tate and Lyle plc and the Ladies European Tour and chair of the Ladies Professional Golf Association.
Mary Jo Jacobi said: “It will be exciting to contribute to Europe’s energy self-sufficiency and the global energy transition through Savannah’s planned development of lithium resources in Portugal. I am honoured to be able to be a part of such an important undertaking at a crucial time.”
About Manohar Pundalik Shenoy
Manohar Pundalik Shenoy holds three professional qualifications, Chartered Accountant, Cost and Works Accountant; and Company Secretary, in addition to possessing a B.Com (Honours) in Commerce, Economics & Advanced Accountancy from Bombay University. Mr Shenoy has since also participated in INSEAD’s Advanced Management Programme. He has over 47 years’ post-qualification corporate experience and since November 2021 is designated as Advisor to the W J Towell Group Board in various functions. In his current non-executive role, he is also a Member of the W J Towell Group Audit Committee and also continues to be Advisor to Al Marjan Ltd (who are the cornerstone shareholders of the Company) since January 2015. From June 2005 till October 2021, he was the Group CFO of W J Towell and Co. LLC. Within this role, Mr Shenoy had responsibility for the group’s treasury, parent company and group consolidated audited accounts, group budgeting and management reporting, and group taxation. He was also a member of the Finance and Investment sub-committees of the board. Prior to this, Mr Shenoy worked with a number of multi-national corporations, particularly in India and Russia, as Finance Director / CFO.
About Savannah
Savannah is the owner of the Barroso Lithium Project, located close to key infrastructure in Northern Portugal which contains the most significant spodumene lithium resource in Western Europe. Following a positive Scoping Study which outlined a conventional operation producing 175,000t of spodumene concentrate per annum, Savannah is progressing the development and environmental licencing of the Barroso Lithium Project. A Definitive Feasibility Study is underway, and Portugal’s environmental regulator is currently evaluating Savannah’s Environmental Impact Assessment study. The Company is listed and regulated on AIM and the Company’s ordinary shares are also available on the Quotation Board of the Frankfurt Stock Exchange under the symbol FWB: SAV, and the Börse Stuttgart under the ticker “SAV”.
For more information : https://www.savannahresources.com/
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