Kavango Resources plc non-executive chairman and interim chief executive officer Peter Wynter Bee will step down from the board from 1 July 2026.
STRATEGY
His replacement in both roles will be current executive interim finance director Donald McAlister, while the company continues to seek a permanent CEO.
Thamsanqa ‘Tham’ Mpofu is appointed as non-executive director, with effect from the same date, while Lorenz Werndle becomes chief financial officer and executive director from 20 July 2026.
Mr Wynter Bee said: “It has been a privilege to serve as chairman of Kavango during a period in which the company has made considerable progress.
“Kavango is now a more mature business, with active operations in Zimbabwe and a growing platform from which to pursue its development strategy.
“I believe this is the right time for the company to move forward with a strengthened leadership structure.”
Mr McAlister added: “On behalf of the board, I would like to thank Peter for his leadership and commitment to Kavango.
“He has made a significant contribution to the company during an important period of development, particularly as we have expanded our activities in Zimbabwe and advanced our gold production strategy.
“Kavango is entering an important phase, and the planned changes announced today are designed to strengthen the company’s leadership structure as we continue to build the business.”
DIRECTORS
Mr Mpofu is currently chairman of Kavango Zimbabwe Holdings (Private) Ltd and Kavango Mining (Private) Ltd.
His 38-year commercial and executive career has included senior positions in local and international companies, including the 3M Company in Zimbabwe, BHP Minerals Zimbabwe Ltd, Meikles Hospitality and ZB Financial Holdings Ltd, where he served as chairman.
Mr Mpofu is a graduate of Teesside and Manchester Universities, and also has in-depth knowledge of Zimbabwe’s business and economic environment.
Mr Werndle is a seasoned finance executive with experience in mining, strategy, corporate development, and M&A across Africa and international capital markets.
He has also worked listed-company finance, fundraising, balance sheet restructuring, treasury management, financial planning and analysis, and regulatory compliance in AIM and Nasdaq.
Mr Werndle was most recently CFO of Blue Gold, and was previously head of corporate development at Mwana Africa plc and head of business development at Lonrho plc .
He was earlier a corporate finance professional at Ambrian plc, where he advised mining companies on IPOs, fundraisings, and M&As, and on corporate expansion strategies while at Accenture.
Kavango holds golds exploration and production assets in Zimbabwe and a district-scale copper-gold exploration acreage in the Kalahari Copper Belt in Botswana.