Board changes at Kenmare group

COO to step down from board

Kenmare Resources’ principal activity is the operation of the Moma Titanium Minerals Mine, which is located on the north east coast of Mozambique. (Photograph: Reuters/Neil Chatterjee0

Kenmare Resources’ principal activity is the operation of the Moma Titanium Minerals Mine, which is located on the north east coast of Mozambique. (Photograph: Reuters/Neil Chatterjee0

 

Japie Deysel is to step down as a director of titanium miner Kenmare Resources, but will remain in his existing role as chief operating officer of the expanded Moma Mine.

Justin Loasby, chairman of Kenmare, recgonished his “contribution to the board”.

Meanwhile the Grafton Group, which announced its departure from the Irish Stock Exchange in September in favour of a main listing on the London Stock Exchange, is set to be added to the FTSE 250 index. It will join the mid-cap index on December 20th, along with other new entrants including retailer Carphone Warehouse, real estate group Foxtons and retailer JD Sports Fashion.

The recent flotation of Royal Mail will see the postal group added to the FTSE 100.