Agriterra's finance director resigns

African Agricultural company Agriterra has announced the resignation of its finance director, Daniel Cassiano-Silva with effect from 31 December 2017, with Mr Cassiano-Silva to remain a non-executive director of the Company thereafter.

Agriterra said it is now in the process of finding a suitable candidate to assume responsibility for the company's financial function during an interim period in order to ensure smooth transition, as it searched for a full-time Mozambique-based finance chief.

Meanwhile, Brendan Scott, currently the company's chief operating officer, agreed to take the position of acting chief executive officer, helping the local management team to implement the company's development strategies.

Agriterra also said that it intended to hire a permanent CEO in the coming months, at which point Mr Scott would revert to his current position of chief operating officer.

Ms Havers, chair of Agriterra said: "I would like to take this opportunity to thank Dan for his considerable input into the development of the Company over the past four years. In particular we are grateful for his extensive efforts in realising value from our Sierra Leone assets, facilitating the recent transformational investment by Magister Investments, and developing our Mozambique assets.

"I am confident that in his new role of Non-Executive Director we will continue to benefit from Dan's extensive experience in the agricultural industry and particularly his deep knowledge of, and connection to, Mozambique."