African Potash Limited ("African Potash" or "the Company")
African Potash, the AIM listed exploration company focused on sub-Saharan potash assets and the vertical integration of fertiliser operations in Africa, is pleased to announce that it has appointed Mr Elias Pungong to the Board as a non-executive Director.Mr Pungong will support the Company in its growth strategy as it looks to realise value from its Lac Dinga Potash Project in the Republic of Congo, in addition to building vertically integrated fertiliser operations. Following the appointment, Mr Ed Marlow is stepping down from the Board in order to concentrate on his other corporate interests, effective immediately.
With a distinguished career spanning 25-years, Mr Pungong has advised governments, multinationals and private sector institutions across Africa on strategy, operation, and general management issues. In his current role as Senior Partner and Oil & Gas Leader for Africa at Ernst & Young (EY), he leads the firm's transaction advisory and assurance work within the energy practice. Prior to EY, he spent 14 years at PricewaterhouseCoopers (PwC) where he was a member of PwC's Africa Leadership team, and Managing Partner for the firm's Sub-Saharan Africa Francophone team, leading the firm's expansion efforts across Francophone Africa. In his other activities and functions, Mr. Pungong currently serves as Honorary British Consul to the Littoral Region in Cameroon.
A Fellow at the Institute of Chartered Accountants of England and Wales, Mr. Pungong, was also selected as one of the prestigious Young Global Leaders by the Davos World Economic Forum in 2009, earned an MA degree with first class honors in Mathematical Statistics from Oxford University, and received advanced executive training at the Harvard Kennedy School and the Yale School of Management in global leadership, management and organisational leadership.
African Potash Executive Chairman Chris Cleverly said, "Elias has a proven and acute understanding of Francophone Africa, and in particular resource development in the region. He has a first class network and will be invaluable in orchestrating the development of Lac Dinga and compatible resources, as we look to build a vertically integrated fertiliser company."
Mr. Elias Pungong (age 47) has no current directorships and/or partnerships nor did he hold any directorships and/or partnerships in the last 5 years.
There is no further information on Mr. Pungong required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.