Centamin plc announced that Rutherford joins Centamin as independent Non-Executive Director and Deputy Chairman, with effect from 1 January 2020. He will succeed Mr. G Edward Haslam, who, following a valuable nine-year tenure on the Board, will not be standing for re-election at the 2020 annual general meeting. As part of the Company's succession programme, the intention is for Mr. Rutherford to migrate into the role of Non-Executive Chairman by the end of 2020, succeeding Mr. Josef El-Raghy.

Mr. Rutherford has over 25 years' experience in investment banking and investment management, specialising in the global mining and metals sector. He brings to the Board considerable financial and capital markets insight and a deep understanding of the mining industry. Further to the announcement on 3 October 2019 that Mr. Andrew Pardey had given notice of his intention to retire from the Board as CEO, Mr. Ross Jerrard, currently Chief Financial Officer ("CFO") since his appointment to the Board in February 2018, has been appointed as Interim CEO with immediate effect.

Mr. Jerrard has demonstrated excellent leadership skills, assembling and managing his multi-jurisdictional finance team. Mr. Jerrard has established strong relations within Egypt, specifically with key government officials at all levels. Mr. Jerrard will retain his responsibilities for the finance function and as CFO.

Mr. Andrew Pardey will step down as a Director of the company with immediate effect. He will remain available to the Board as an advisor until October 2020, when his notice period concludes.