Central Asia Metals (CAML) announced on Thursday that Nigel Robinson will step down as chief executive officer on October 1 after leading the company for over six years. Robinson will be succeeded by Gavin Ferrar, CAML’s current chief financial officer who has been with the company for a decade. Additionally, Louise Wrathall, the executive director of corporate development, will assume the role of CFO on the same date.
Robinson will remain on the board as an executive director until April 1, 2025, to support the transition, and will continue to serve as a non-executive director after that. Ferrar expressed his gratitude for being entrusted with the role of CEO and stated his commitment to guiding the company through its next stage of development.
CAML highlighted that they are starting this new phase with a strong foundation, including low-cost operations, a growing portfolio of exploration assets, and a clean balance sheet. The board expressed their confidence in Ferrar’s leadership and mentioned that they will continue to benefit from Robinson’s experience and the board’s support.
Following the announcement, shares in Central Asia Metals were down 1.44% at 206p. The news was reported by Josh White for Sharecast.com. The executive succession plans at CAML have garnered attention in the business community as the company prepares for a leadership transition with the appointment of Ferrar as the new CEO and Wrathall stepping into the role of CFO.
