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Adriatic Metals PLC - developing Vares silver project in Bosnia & Herzegovina and Raska zinc-silver project in Serbia - Paul Cronin resigns as chief executive officer and managing director and will leave on Friday. Cronin is relocating to Australia for ‘family reasons’, Adriatic says. Non-Executive Director Laura Tyler will become interim CEO. Tyler’s executive experience includes being chief technical officer at diversified miner BHP Group Ltd.
‘Living and working in Bosnia & Herzegovina at the project has been instrumental to successfully steering the company through permitting, construction and the commencement of production, but now is the time for new leadership, with a skillset better aligned to the needs of the company, and its stakeholders,’ outgoing CEO Cronin explains.
Non-Executive Director Sanela Karic will move to executive director for corporate affairs and will lead the company’s subsidiary in Bosnia & Herzegovina.
Current stock price: 132.40p, down 11% in London on Wednesday
12-month change: down 22%
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