Gold mining company, Golden Star Resources has announced changes to its Board of Directors.
The change in the directors of the company, the firm asserts is in line with “Golden Star’s Board mandate of a maximum term limit of 10 years for directors.”
According to the firm, Chair of the Audit Committee of the Board, Robert Doyle, will retire from his position after fulfilling the required maximum term limit of 10 years as a director on the Board.
In his stead as the Chair of the Audit Committee of the Board, will be Ms Mona Quartey.
With the exit of Mr Doyle, two additional directors – Karen Akiwumi-Tanoh and Gerard De Hert – will be put forward for election as directors of Golden Star at the firm’s forthcoming annual general meeting of shareholders on May 6, 2021.
Commenting on the retirement of Mr Doyle, Tim Baker, Chairman of Golden Star said, “We would like to thank Rob Doyle for his many contributions to the Company,” adding “In his place, we are delighted that Karen Akiwumi-Tanoh, who is Ghanaian and who has extensive experience in the financial sector in Africa, has agreed to stand for election.”
Ms. Akiwumi-Tanoh is a chartered accountant and experienced non-executive director (NED) with an extensive career in the African banking sector, predominately with Ecobank Transnational Inc. Her current board roles include NED and audit committee chair of First Atlantic Bank, Ghana and NED and audit committee chair of Prudential Life, Ghana.
Previous NED roles include chair of the board of directors of First Atlantic Bank, Ghana and NED of Beneficial Life Insurance, Togo. Previous executive roles included managing director of Ecobank, Sierra Leone and member of the advisory board of Spencer Stuart, South Africa. She holds an MBA from the University of Ghana.
Mr. De Hert is Managing Director, Technical Services for La Mancha Holding, a privately held company specialized in gold mining investments, where he oversees technical diligence work in new and existing investments. Prior to joining La Mancha, he was senior vice president of exploration at Endeavour Mining.
He was also a member of Endeavour Mining’s ESG committee between 2018 and 2020. Prior to that, he spent several years working as general manager at Vale[1]ARM, managing the Lupoto Copper project. Other prior roles include chief geologist at Teal Mining, regional exploration geologist at IAMGOLD and chief mine geologist at AngloGold Ashanti.
He holds a Masters Degree in mineralogy and geology from the Catholic University of Louvain and a Masters Degree in mineral exploration from the University of Leicester.
Mr De Hert will stand as a nominee of La Mancha Holding, replacing Ani Markova who has been invited by the Board to continue to serve as a director of the Company and will stand for re-election at the AGM.
Golden Star is an established gold mining company that owns and operates the Wassa underground mine in the Western Region.
Listed on the NYSE American, the Toronto Stock Exchange and the Ghanaian Stock Exchange, Golden Star is focused on delivering strong margins and free cash flow from the Wassa mine.
