Directorate Change

RNS Number : 5678A

GCM Resources PLC

02 April 2012

 



2^nd April2012

GCM Resources plc

(the "Company" or "GCM Resources")

(AIM:GCM)

GCM Resources plc announces that CEO and Director,

Stephen Bywater is stepping down

GCM Resources plc ("GCM" or the "Company") announces today that Steve Bywater has stepped down as Chief Executive and a Director of the Company effective 31st March 2012. 

Upon Steve's departure, Gerard Holden (Non-Executive Chairman), David Weill and Stephen Dattels (both Non-Executive Directors) will be devoting additional time to support the Company in its discussions with the Government of Bangladesh, to work towards an agreement to bring the Phulbari Coal Mine Project into production at the earliest possible date.

Gerard Holden, Non-Executive Chairman commented:

"The Board of GCM Resources would like to take the opportunity to thank Steve for his service and commitment to the Company over the last six years and wish him well for the future."

For further information:

GCM Resources plc Gerard Holden Non-Executive Chairman [phone] Graham Taggart Finance Director [phone]	Pelham Bell Pottinger Lorna Spears / Joanna Boon [phone]
J.P. Morgan Cazenove Nominated Adviser Michael Wentworth-Stanley [phone]	Evolution Securities Chris Sim [phone]

GCM Resources plc
Tel: [phone], Fax: [phone]
[e-mail]; www.gcmplc.com

 

END

 

 

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