Kenmare Resources plc announced that Michael Carvill will step down from the Board later this year. Subject to re-appointment at the Company?s Annual General Meeting on 10 May 2024, it is expected that Michael will remain on the Board and in his executive role until the Company?s Interim Results in August. Following this, and to support an orderly transition process, Michael will continue to be available to the Company in a consultancy capacity until at least the end of 2024.

As part of the Company's succession planning, Kenmare?s Nomination Committee has commenced a process to find Michael?s successor and will consider both internal and external candidates. The result of this process will be announced in due course. Michael founded Kenmare in 1987 and under his leadership, Kenmare has evolved into one of the world?s largest producers of titanium minerals.

The Company serves customers operating in more than 15 countries and is responsible for 7% of global supply of titanium feedstocks. Since 2019, Kenmare has returned over $230 million to shareholders through dividends and share buy-backs.