Focus Xplore plc plans to make a series of board changes, including the appointment of a new chairman and chief executive officer.
DIRECTORS
Antony Legge will become the independent non-executive chairman, replacing Sean Wade who will step down from the board.
David Russell will be appointed executive director and Neil Slade as non-executive director, while NED James Tosh has resigned with immediate effect.
Chief executive officer Patrick Cullen remains on the board until the end of March.
“I would like to express my gratitude to Sean Wade and James Tosh for their support during this period of change,” said Mr Cullen.
“Their constructive approach has enabled a smooth transition, and I wish them both every success for the future”
Focus said that the board would take steps to appoint a director as soon as soon as practical.
EXPERIENCE
Mr Legge is an experienced NED and former AIM nominated adviser, with more than 35 years’ experience.
He has focused on small, growth companies across various sectors including media, technology, natural resources and healthcare.
He is currently interim CEO of Dublin-based Unicorn Mineral Resources plc.
Mr Legge holds a BSc in Economics and Accounting from the University of Bristol.
Mr Russell is a Certified Public Accountant with more than 30 years’ experience in corporate finance, banking, asset management, cross-border transactions, regulatory compliance and “strategic corporate recovery”.
He founded restructuring practice, Charlemont Capital Solutions Ltd, and has been on the boards of multiple financial services companies.
Mr Russell has a BSc in Accounting & Law from the University of London and an MSc in Financial Services from University College Dublin.
Mr Slade is a former senior executive of Aston Martin Lagonda Ltd, where he gained experience in high-value strategic operations and international business management.
He is an entrepreneur with a “track record of building and scaling businesses”.
Mr Slade holds an MSc in Management from Cranfield University.
Focus is exploring for uranium, lithium and selected rare earth elements in Ontario, Canada.