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Niko Resources Ltd. reported that Mr. Kevin J. Clarke has indicated he intends to resign from his role as Chairman of the Board and interim Chief Executive Officer, effective upon the completion of the previously announced restructuring transaction.
The Company is pleased to announce the appointment of Mr. Robert S. Ellsworth Jr. to its Board, effective immediately. Mr. Ellsworth previously served as the Global Co-Head and Chief Operating Officer of BlackRock's $20+ billion, multi-manager hedge fund business. He holds a Bachelor of Arts degree in Business Administration from the University of Washington, and is a Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA).
Niko also wishes to announce that it has accepted the resignations of Messrs. Vivek Raj and Steven K. Gendal as directors from the Board. The Company thanks both Mr. Raj and Mr. Gendal for their years of dedicated service to the Company, including their significant contributions in helping re-position Niko for the future.
The Board now is comprised of Kevin J. Clarke, E. Alan Knowles, William T. Hornaday, Christopher Rudge, and Robert S. Ellsworth Jr.
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