Speciality Metals International Limited Annual Report 2019

Page | 10 REVIEW OF OPERATIONS C HANGE OF D IRECTORS The Company announced on 12 August 2019 that subsequent to the Acquisition of Mt Carbine Quarries Pty Ltd the following Director appointments were made: Mr Oliver Kleinhempel – Non-Executive Director Mr Kleinhempel is a representative of Cronimet and started his career at Outotec, a leading Minerals & Metals Processing Technology Company, where he spent several years in Europe, South America and Southeast Asia on various assignments. In the recent 8 years Mr Kleinhempel held various Executive Management positions in the project development, finance and commodity trading sector, with a regional focus on Asia-Pacific. Mr Kleinhempel holds a Bachelor's Degree in Business Administration from the Cooperative State University Baden- Wuerttemberg (Germany) and obtained a Master's Degree from the Mining Institute of the Clausthal University of Technology (Germany). Mr Kleinhempel is also a Managing Director of CRONIMET Holding GmbH. Mr Yeo Zhui Pei – Non-Executive Director In 2012, Mr Yeo graduated with first class honours from the Imperial College London in Electrical and Electronic Engineering. Since then, Mr Yeo has been working at a leading system integrator in the telecommunications industry in South-East Asia. Over the years, he has taken on executive, management and supervisory roles. This has allowed him to gain a wide range of experience from project planning to resource management to commercial negotiations. Mr Yeo is also a Director of a steel-product manufacturer. As part of the Board changes, Mr Roland Nice resigned as a Director. Mr Nice has provided 6 years of valuable service to the Company in his role as Director. The Company greatly appreciates his contribution to date and will remain as an active consultant moving forward .