Macusani Yellowcake Inc.(TSXV:YEL) announced that Dr.Laurence Stefan will assume the position of Company President and CEO on August 1, 2012. Dr.Stefan currently serves as the Company’s managing director in Peru.
As quoted in the press release:
Dr. Stefan is a founder of Macusani Yellowcake and has served as its Managing Director in Peru since October 2007 when the Company went public. He is also the founder of the Colibri Group of Companies, a mineral service company based in Lima, Peru. Dr. Stefan previously worked at Gold Fields of South Africa and JCI (Pty) Ltd. with recent years spent mainly on South American projects. He has been involved in basic and specialized research in uranium metallurgical, recovery and enrichment programs at various gold-uranium mines along the Witwatersrand Basin in South Africa and Namibia Dr. Stefan holds an M.Sc. (Geology & Mining Engineering) and a Ph.D. (Economic Geology).
Macusani Yellowcake, Chairman, Alan Ferry, stated:
On behalf of the Board, I would like to thank Peter for his contribution to the Company over his 6-year tenure as CEO. His experience and leadership have been key in the formation and early development of Macusani Yellowcake. We wish him all the best in his future endeavours. We are pleased that Laurence Stefan has agreed to become the President and CEO. His extensive experience in Peru and the Macusani Plateau will be significant in advancing the project.