SigmaRoc to promote deputy to CFO role on 1 January

(Sharecast News) - European lime and minerals group SigmaRoc confirmed the appointment of Jan van Beek as its new chief financial officer on Thursday, effective from 1 January. The AIM-traded firm said van Beek, currently its deputy CFO, would also join the board of directors on the same date.

It said the transition followed the planned departure of Garth Palmer, who would step down as CFO and from the board on 31 December.

Palmer had worked closely with van Beek over the last several months to ensure a smooth handover of responsibilities, the board reported.

"We would like to thank Garth for his dedication to the group over the last eight years," said chairman David Barrett.

"Without his tenacity, professionalism, rigour and Australian no-nonsense approach, this group would not have been able to deliver what it has to date.

"We also congratulate Jan, who joined in May, on his upcoming appointment as CFO of the group."

Barrett noted that van Beek was selected following a "rigorous external search process" involving the group's nominations committee and its founders.

"Jan brings a wealth of experience and above all the can-do attitude which this group so much appreciates in its key team members."

At 1116 GMT, shares in SigmaRoc were down 0.21% at 73.34p.

Reporting by Josh White for Sharecast.com.