06 Nov 2015

Acacia today announces that its Chief Operating Officer, Michelle Ash, will be leaving the company with immediate effect, with Brad Gordon, CEO, resuming direct responsibility for the operations.

On the departure, Brad Gordon commented, 'I would like to express my thanks to Michelle for her contribution to Acacia over the past two years and wish her all the best for the future. I will again take direct responsibility for the operations given that our number one priority is achieving the planned improvement in performance in the fourth quarter. In this respect, October was fully in line with plan, across all three sites, and we remain on track for the full year. We plan to reassess the situation as regards any potential replacement COO early in 2016.'

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