Russell Edey has succeeded Nigel McNair Scott as chairman of London-based Avocet Mining.

Russell Edey was appointed to Avocet’s board in July as a non-executive director and chairman-elect, and took the place of Nigel McNair Scott after he stepped down as chairman on September 15.

The new chairman retired as chairman of AngloGold Ashanti in May this year having been a member of that company’s board since 1998. He is a non-executive director of Old Mutual PLC and several companies in the Rothschild Group, which he joined in 1977. Before that he worked for Anglo American Corporation of South Africa in South Africa and Australia.

Nigel McNair Scott was chairman of Avocet for 15 years, since the company listed on the London Stock Exchange in 1996, and for five years prior to that as chairman of the company’s predecessor, Avocet Ventures, in Vancouver.

Barry Rourke has also been appointed to the Avocet board as a non-executive director and has been appointed chairman of the Audit Committee. He served as a partner at PricewaterhouseCoopers for 17 years, acting as advisor and auditor for several large and medium-sized businesses in both the public and private sector before retiring in 2001.

Nigel McNair Scott says, “I have overseen Avocet’s development as an emerging mid-tier gold producer and believe the company is now well positioned for growth and development.

“I am delighted to bring on board Russell Edey, whose track record of strong leadership at one of the world’s largest and most successful gold producers will be a significant advantage as Avocet goes forward.

“Barry Rourke is also a welcome addition to the board of Avocet. His finance and resource sector experience will help assist Avocet’s overall strategy as it grows to become a leading gold mining and exploration company.”

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