Andrew Prelea, the president of Vast Resources’ Romanian subsidiary will assume the role of CEO and it is anticipated that he will join the board of the company in due course.
“Roy has had an invaluable contribution to Vast Resources – stewarding it from an exploration and development company back in 2014, to a production company with two operating mines and third due to come on stream in the very near future. To say that Roy has fundamentally changed this business is an understatement – and for this, I am hugely grateful,” says chairman of Vast Resources, Brian Moritz
“When Roy joined the board three years ago, Vast Resources was almost exclusively focused on Zimbabwe, his country of birth and a place that he continues to feel very passionately about. Over subsequent years our focus has increasingly turned to Romania and it is this change that has prompted Roy to step down as CEO, to be replaced by Andrew. I am confident that Andrew is well positioned to execute our strategic objectives in Romania, whilst maintaining and expanding our interests in Zimbabwe.
“I would like to take this opportunity to thank Roy again for his considerable input into the growth of Vast Resources and I wish him well in all of his future endeavors.”
Feature image credit: Wikimedia