AECI announced that Mr. Mark Kathan will be stepping down as Executive Director of AECI Limited and Managing Director of AECI Mining by mutual agreement with effect from 31 October 2023. To ensure a smooth and quick transition of executive authority, Group CEO Holger Riemensperger, will act in the role until a successor is appointed. Mr. Kathan will consult to the business through to the end of the 2023 financial year to ensure continuity.

The process to identify a new Managing Director for AECI Mining with global experience suitable for the future strategy and structure of the business will commence immediately. Mark has been with the Group for 15 years and was previously the Group Chief Financial Officer for 13 years.