StockMarketWire.com - Berkeley Energia said it would set up its head office in Madrid after Paul Atherley resigned as Managing Director and CEO of the company to concentrate on his other investments in the resource sector.

Mr Atherley had been Managing Director and CEO of Berkeley Energia since June 2015 and had been 'instrumental in its growth and development,' the company said. During his tenure the company had 'significantly' advanced the approvals for the development of the Salamanca mine up until the recent change in Government.

The company said that it would now set up its head office in Madrid and ultimately seek to recruit a suitably qualified Spanish National for the Managing Director and CEO role. Following on from the company's successful listing on the Spanish Stock Exchanges in 2018, these initiatives are 'aimed at further enhancing the Company's strong engagement with its key stakeholders in Spain,' it added.

The company's focus, however, continued to be on progressing the approvals required to commence construction of the Salamanca mine and bring it into production, as well as advancing the recently announced battery and EV metals exploration strategy, Berkeley Energia said.

While a search for Atherley's successor gets underway, Mr Robert Behets, Non-Executive Director, would assume the role of Acting Managing Director, with immediate effect, and would be assisted in Spain by Mr Francisco Bellón, the company's Chief Operations Officer, the company said.

Mr Bellón would continue to manage the company's day to day operations and now would take a lead role in its stakeholder engagement activities in Spain.


At 9:45am: [LON:BKY] Berkeley Energia Ltd share price was -0.75p at 18.25p



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