Kore Potash acting finance chief steps down, ex-CFO returns

(Sharecast News) - Kore Potash, the potash development company with 97% ownership of the Kola and DX projects in the Sintoukola Basin of the Republic of the Congo, announced a change in its leadership on Monday. The AIM-traded firm said its acting chief financial officer, Amanda Farris, resigned, effective 11 December.

Replacing Farris, the company appointed Andrey Maruta as the new CFO in a non-board capacity.

It said Maruta would bring a wealth of experience to his role, with over 25 years in the mining industry.

Notably, he served as CFO at the London-listed Petropavlovsk and has a background in auditing with Moore Stephens International in the UK and internationally.

Maruta will report directly to the chief executive officer and will not join the company's board at this time.

Andrey Maruta previously held the position of CFO at Kore from August 2019 to June 2021 before pursuing another opportunity in the mining sector.

Amanda Farris would remain available for a brief period to ensure a seamless transition.

Kore also noted that Maruta held 133,334 of its shares.

At 1433 GMT, shares in Kore Potash were up 16.17% at 0.64p.

Reporting by Josh White for Sharecast.com.