Announcement of Directorate Change
Directorate Change
Serabi Gold plc (“Serabi” or the “Company”) (AIM: SRB, TSX: SBI, OTCQX: SRBIF) has announced that Clive Line, the Finance Director, plans to retire at the end of December 2024. As a result, he will be stepping down from his position on the Board. Even after his retirement, Mr. Line has kindly agreed to assist the Company for up to six months following his departure.
New CFO Appointment
The Board has made the decision to appoint Mr. Colm Howlin, who is currently the Group Controller at Serabi, as the new Chief Financial Officer (“CFO”) to take over from Mr. Line. During the transition, Mr. Howlin will collaborate closely with Mr. Line. He is a member of the Institute of Chartered Accountants of Ireland and has been with the Company since 2013, bringing a wealth of experience to the CFO role. Additionally, Mr. Howlin is fluent in Portuguese, which greatly benefits the Company’s operations.
CEO's Remarks
Michael Hodgson, CEO of Serabi, shared his gratitude for Mr. Line's contributions, stating: “Clive will be greatly missed by everyone at Serabi. It has been a pleasure to work with him, and I want to thank him for his significant impact on the business. His efforts have been crucial in strengthening the Company’s balance sheet, positioning us well for the next phase of development at our Palito and Coringa operations.”
Transitioning Duties
As part of the transition process, Mr. Howlin will assume financial responsibilities, ensuring that financial discipline remains intact across Serabi's operations. His extensive background and experience equip him to uphold the Company’s core objectives, particularly in fostering growth and operational efficiency.
Serabi's Future Outlook
With this leadership change, Serabi is committed to continuing its path toward growth and development. The Company aims to leverage its existing resources while exploring opportunities for expansion. This leadership transition is a strategic step that aligns with the Company’s broader vision for innovation and growth.
Company Information and Contact Details
Serabi Gold plc prioritizes transparency and open communication. For any inquiries or further details regarding the transition, please reach out to the Company using the contact information below:
SERABI GOLD plc
Michael Hodgson
Chief Executive
t +44 (0)20 7246 6830
m +44 (0)7799 473621
Clive Line
Finance Director
t +44 (0)20 7246 6830
m +44 (0)7710 151692
Andrew Khov
Vice President, Investor Relations & Business Development
m +1 647 885 4874
e contact@serabigold.com
Frequently Asked Questions
Why is Clive Line retiring from Serabi Gold?
Clive Line has announced his intention to retire at the end of December 2024, concluding a long and dedicated career with the Company.
Who will take over as CFO after Clive Line?
Colm Howlin, who currently serves as the Group Controller, will step into the role of Chief Financial Officer at Serabi Gold.
What qualifications does Colm Howlin have for his new position?
Colm Howlin has been part of Serabi since 2013 and is a member of the Institute of Chartered Accountants of Ireland, bringing significant financial expertise to his new role.
What effects will this transition have on Serabi Gold's operations?
The transition is designed to ensure continuity in financial management and uphold the financial discipline needed to support the Company's growth initiatives.
How can I obtain more information about Serabi Gold?
For additional inquiries, you can reach out to the Company directly using the contact details provided or visit the Company’s official website.
