Capital Limited announced the appointment of Mr. Peter Stokes as Chief Executive Officer with effect from 03 October 2022. Mr. Stokes will be based in Perth where Capital has an established office and presence. Mr. Stokes will also join the Board of Capital as an Executive Director with Jamie Boyton remaining as Executive Chairman.

These changes represent further steps in reshaping and strengthening the Company's leadership team while also adhering to the Company's commitment to the higher levels of corporate governance. Jamie Boyton, currently Executive Chairman, will oversee a handover period with Mr. Stokes over the upcoming six month period. Mr. Stokes has significant senior executive experience spanning more than 25 years across the resources and logistics industries.

Most recently Mr. Stokes was President Global Logistics, a key operational role, for Toll Group. Prior to Toll Group, Mr. Stokes was CEO of Barminco Limited, where he reported to the Board and was responsible for all aspects of leading the company. Prior to joining Barminco, Peter was the Chief Operating Officer at Linfox.

Prior to that he was at Accenture for 11 years (as Partner for the final 2 years) focused in the resources sectors. Beyond his industry experience, Mr. Stokes' qualifications include Advanced Management program from Harvard Business School (Boston, USA), Master of Business Administration from Bond University (Queensland, Australia), Master of Applied Science (Mining and Mineral Technology) from Western Australian School of Mines (Kargoolie, Australia), and Bachelor of Science (Honours/Geology) from the University of Western Australia (Perth, Australia).