LONDON (ShareCast) - (Sharecast News) - Arc Minerals announced the appointment of Rémy Welschinger, one of its existing directors, as its finance director effective immediately on Friday.
The AIM-traded firm said Welschinger was replacing John Forrest, who was retiring.

Nick von Schirnding, executive chairman of Arc Minerals, said he was "very pleased" to announce the appointment of Welschinger as its new finance director, who he had worked "closely" in recent months.

"Rémy brings a wealth of experience from the banking and mining sector and has played - and will continue to play - a key role in accessing capital for the company.

"My thanks to John Forrest who has served the group over a number of years and we wish him well with his future endeavours."

Rémy Welschinger added that he was "delighted" to be taking up an executive role as finance director of Arc.

"I believe we are sitting on some of the most valuable copper prospects in Africa and look forward to building an exciting future for all our shareholders."

As at 1254 GMT, shares in Arc Minerals were down 6.91% at 3p.

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