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Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) said its chairman, John Kelly, will step down after next week’s annual general meeting, with independent non-executive director July Ndlovu set to succeed him.
The company said the change is part of its board succession plan. Ndlovu’s appointment as chairman remains subject to election by the board immediately after the AGM, which is scheduled for May 5, 2026.
Caledonia added that Kelly, who joined the board in May 2012 and has chaired it for the past three years, is expected to remain on the board as a non-executive director if re-elected by shareholders at the AGM.
Caledonia said Kelly guided the board through a period of transition, including continued operational delivery at Blanket Mine and progress on the company’s growth strategy.
Chief executive Mark Learmonth said he looked forward to working with Ndlovu once she is formally elected as chairman, as Caledonia continues to advance its strategy, including development of the Bilboes project.
Kelly said: “Caledonia is well-positioned for the future, underpinned by the strong performance of Blanket Mine and the progress being made towards Caledonia's next phase of growth. I have no doubt that July as Chairman will enhance the prospects for our continued success.”
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