ABG appoints Wray CFO
JOHANNESBURG (miningweekly.com) – Tanzania-focused gold producer African Barrick Gold (ABG) on Thursday announced the appointment of former head of corporate development and investor relations Andrew Wray as CFO.
Former ABG CFO Kevin Jennings left the company in March after which the role of CFO was filled by finance VP Jaco Maritz, who would now revert to his original position.
Wray, who would retain his existing responsibilities in addition to those of his new role, joined ABG in 2010 and had been instrumental in transitioning ABG to a public company. He also led a companywide operational review, which identified more than $185-million in potential cost-saving initiatives.
"Wray has been an integral part of the management team of ABG over the past three years. I believe that, with his skills and experience, he will add significant value as CFO at what is a critical time for the company as I restructure the senior team to build on the platform provided by a high-quality asset base and to achieve consistent operational delivery,” ABG CEO Brad Gordon commented, adding that Maritz would remain a key member of the finance team alongside Wray.
ABG has three producing mines in north-west Tanzania and several exploration projects at various stages of development in Tanzania and Kenya.
The company has seen a number of senior management changes in recent months, with COO Marco Zolezzi having resigned on September 11 and former CEO Greg Hawkins having resigned on August 21.
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