Kavango Resources plc has announced a series of planned board and senior management changes aimed at strengthening its leadership structure as the Southern Africa-focused metals exploration and gold production company advances its development strategy.
Peter Wynter Bee, who currently serves as Interim Chief Executive Officer and Non-Executive Chairman, will step down from the board effective 1 July 2026. Donald McAlister, Executive Interim Finance Director, will take over as Non-Executive Chairman and Interim Chief Executive Officer from the same date. The dual appointment is intended to ensure continuity while the company continues its search for a permanent CEO.
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Book NowCommenting on the transition, Peter Wynter Bee said it had been a privilege to serve as Chairman during a period of considerable progress for Kavango. He noted that the company is now a more mature business with active operations in Zimbabwe and a growing platform to pursue its development strategy. He added that the timing was right to move forward with a strengthened leadership structure, citing McAlister’s extensive mining and finance experience and strong understanding of Zimbabwe as key to providing senior oversight during the transition.
The board will be further reinforced with two appointments. Thamsanqa Mpofu, known as Tham, joins as Non-Executive Director from 1 July 2026. Tham currently chairs Kavango Zimbabwe Holdings (Private) Limited and Kavango Mining (Private) Limited. He brings 38 years of commercial and executive experience, having held senior roles at 3M Company in Zimbabwe, BHP Minerals Zimbabwe Limited, Meikles Hospitality, and ZB Financial Holdings Limited, where he served as Chairman. A graduate of Teesside and Manchester Universities in the UK, he has deep knowledge of Zimbabwe’s business and economic environment.
Lorenz Werndle has been appointed Chief Financial Officer and Executive Director, effective 20 July 2026. Werndle is a finance executive with experience across mining, strategy, corporate development, and M&A in Africa and international capital markets. He most recently served as CFO of Blue Gold, a Nasdaq-listed company, where he helped lead its reverse takeover, Nasdaq listing, and initial funding. His prior roles include Head of Corporate Development at Mwana Africa Plc, where he supported funding and restructuring across African subsidiaries, and Head of Business Development at Lonrho Plc. Earlier, he advised mining companies on IPOs and M&A at Ambrian Plc and worked on corporate expansion at Accenture. His expertise spans listed-company finance, fundraising, balance sheet restructuring, treasury management, financial planning, and regulatory compliance across AIM and Nasdaq.Board Perspective on the Changes.
Donald McAlister thanked Peter Wynter Bee for his leadership and commitment, highlighting his contribution during an important period of development as Kavango expanded activities in Zimbabwe and advanced its gold production strategy. McAlister said the planned changes are designed to strengthen the company’s leadership structure as it builds the business.
He welcomed Tham to the board, noting that his knowledge of Zimbabwe and commercial experience will be invaluable to advancing in-country operations. He added that Lorenz Werndle’s background in capital markets, corporate development, M&A, and listed-company finance will be highly relevant as Kavango develops its asset base. McAlister emphasized that, alongside the ongoing CEO search, the appointments reflect Kavango’s focus on building an experienced team to support its next phase of growth.
Kavango Resources, listed on the LSE and VFEX, is positioning itself for its next stage of development with active operations in Zimbabwe. The leadership changes signal a move to deepen governance, local expertise, and financial capability as the company seeks to unlock value from its asset portfolio and advance its gold production plans. The board indicated that further updates on the permanent CEO appointment will be provided in due course.
