Junior potash developer Davenport Resources Ltd., Melbourne, Australia, said on Sept. 7 that former Lonmin PLC CEO Ian Farmer has been named Non-Executive Chairman as the company continues to develop its portfolio of potash projects in Germany (GM Feb. 22, 2019), following a recent round of scoping studies. U.K.-based Farmer spent 26 years with platinum miner Lonmin and its parent Lonrho, serving as Lonmin CEO from 2008-2012.
Dr. Reinout Koopsman, who had been Davenport’s Interim Chairman since May 2020, will remain on the Board as Non-Executive Director.
Patrick McManus, Non-Executive Director, plans to step down at the next shareholders meeting, which is planned for November.
Managing Director Chris Gilchrist has agreed to have his salary reduced on a temporary basis by 30 percent and will no longer participate the company’s salary sacrifice plan.