Jubilee Metals Group PLC on Thursday said it hired a new chair and chief financial officer with effect on Wednesday next week.

The London-based metals processing firm has appointed Ollie Oliveira as non-executive director with immediate effect, with the intention of appointing him as non-executive chair in a week’s time.

He will be replacing Colin Bird, who is stepping down after 12 years as chair since 2010 to ‘pursue various initiatives outside of Jubilee’. Bird founded Jubilee Metals in 2004.

Oliveira currently is a non-executive director of Brazilian iron miner Vale SA. His most recent executive role was at De Beers, which is part of Anglo American PLC, where he stayed for 11 years from 1997 to 2008, leaving as executive director for Corporate Finance & Strategy.

In addition, Jubilee has picked Peet van Coller as chief financial officer, replacing Pedja Kovacevic, who is moving to a new role in the company as chief strategy officer.

Van Coller will be joining from South African healthcare provider Hibiscus Hospitals, where he was CFO for four years since 2018.

‘Ollie’s experience will be of significant value to our company given his vast experience, knowledge of the sector and deep understanding of financial markets, as the roll-out of our global metals processing strategy continues this year and beyond,’ said Chief Executive Officer Leon Coetzer.

Shares in Jubilee Metals were down 2.4% at 14.84 pence on Thursday in London, while its Johannesburg shares were up 1.7% at R 3.00.

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