Sumatra announces key board appointment
Thursday, September 26 2013 - 02:55 AM WIB
ASX-listed Sumatra Copper & Gold plc said it has further strengthened its board with the appointment of respected Asian focused corporate and finance executive Gavin Caudle as a Non-Executive Director ahead of its transition to gold producer.
The company said in a statement obtained Thursday that Caudle has over 20 years? experience in the finance and investment sectors in Australia, Singapore and Indonesia. He joins the Board as the representative of Sumatra?s major shareholder and cornerstone investor, Provident Capital Partners Pte Ltd.
Since 2003, together with his partners, Caudle has developed numerous successful businesses in Indonesia including Tower Bersama Group (a telecommunications infrastructure business) and Provident Agro (a plantation business) with assets currently valued in excess of $4 billion. Caudle was previously a partner in the Arthur Andersen Jakarta Office and Country Head of the Investment Bank Salomon Smith Barney for Indonesia.
Caudle currently is a Director of Provident Capital Partners Pte. Ltd and a Non-executive Director of two other ASX -listed resource companies, Finders Resources Limited and Sihayo Gold Limited.
?Gavin already has made a significant contribution to the company?s development through Provident Capital?s participation in the equity placement and sub-underwriting of our rights issue completed earlier this year. We look forward to Gavin?s involvement and strategic input at Board level to finalise the funding for, and oversee the development of, our flagship Tembang Gold-Silver Project in Sumatra ,? said Sumatra?s Chairman, Steve Robinson.
Editing by Reiner Simanjuntak