Bougainville Copper (BOC) has welcomed David Osikore to the company as the new managing director and chief executive officer (CEO).
Joining Osikore is Johnny Patterson Auna as the company’s chief financial officer (CFO) and company secretary.
The appointments align with BOC’s plans to transition the company from a caretaker mode into an operational exploration phase.
Osikore has served as an independent director on the BOC board since 2019 and will bring over three decades of experience in the exploration and mining industries to the CEO role.
Patterson Auna also has 30 years of experience in various senior and executive roles. He is also an associate member of the Certified Practicing Accountants and PNG Institute of Directors.
BOC said the company is now well-prepared to transition into an operational explorer company.
“The PNG Government is committed to the imminent transfer of its 36.4 per cent share in BOC, free on any charges, to the ABG and people of Bougainville,” the company said.
“This well mean that for the first time in BOC’s 55-year history, the company will be majority owned by the Government and people of Bougainville, who will hold a 72.8 per cent share.
“This, along with the appointment of two experience Bougainvilleans to senior management roles, and five of the seven directors being Bougainvillean, ensures that the objective of resuming operations for the benefit of all shareholders, including the ABG and people of Bougainville, remains central.”
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