Gold recovery company Goldplat, which is listed on London’s Aim, on Monday announced the appointment of Gerard Kisbey-Green – a nonexecutive director and former CEO – as nonexecutive chairperson of the company.

He is succeeding Matthew Robinson, who in May announced his intention to resign as a director of the company.

Goldplat also announced the appointment of gold analyst Gerard Kemp as a nonexecutive director with immediate effect.

After these changes, the board would comprise five directors, four of whom were non-executive and two of whom were considered to be independent.

Kisbey-Green has been a director of Goldplat for more than seven years, in an executive and subsequently a non-executive capacity.

CEO Werner Klingenberg, who in 2019 succeeded Kisbey-Green as CEO, said he was delighted to have Kisbey-Green be appointed chairperson. “I believe he is well placed, having been a director of Goldplat for more than seven years, in executive and non-executive roles, to guide the board on our current trajectory. He has significant industry and corporate experience and is well suited to guide the board of directors.”

Commenting on Kemp’s appointment, Klingenberg said that the 68-year old investment banker would be an “extremely valuable addition” to the board.

“He [Kemp] is still active in industry in an advisory role, and will bring to Goldplat his wealth of experience in both investment banking, dealmaking and as an operator in mining businesses.”

Before founding M Squared Resources, Kemp held various positions in investment banking and the mining industry, including the CEO of Kaouat Iron and the head of the Pamodzi Resources Investment Fund, where he founded Rand Uranium. He also served as director of business development at Rand Merchant Bank, where he spearheaded a number of South Africa's largest black economic empowerment transactions. He also served as head of investment banking at BoE Merchant Bank and as head of equities research at BoE Securities where he was twice rated South Africa's top gold analyst. Kemp spent 22 years in Anglo American's gold division, as a surveyor and as a mineral economist.

Klingenberg also extended his thanks to Robinson for his many years of support, efforts and leadership provided to the board of directors and Goldplat, specifically during a period of strategic change.