Minergy Limited announced that Mr. Andre Boje, the Chief Executive Officer (CEO), has, decided to retire with effect from 31 July 2019 and step back from executive and operational responsibilities at Minergy. Andre remains committed to bringing the Masama Coal Project to full production in the next few months and this notice period allows sufficient time to ensure a smooth handover. Until 31 July 2019 he will retain his position and responsibility as an Executive Director on the Board of Directors ("the board").
The board has, as an interim measure, appointed Morné du Plessis, the current Chief Financial Officer, as acting CEO with effect from 1 August 2019 until the appointment of a new CEO has been finalised.