Management changes It seems logical to me to make these changes to the management team, as Robex enters the most important phase of its development, a phase which is the basis of all the developments that will follow.
With Benjamin Cohen as president of the company, power is now shared with Aurelien Bonneviot, now CEO. Thus, this change associates the presidency with the world of finance, and the management with the experience of the mining sector. These changes will give credibility to the group and this will be very positive on the perception of investors.
On the board side, the changes are just as significant. With Mr Richard Faucher moving to the presidency, replacing Mr Georges Cohen, knowledge of the mining sector is put in the foreground. For Mr. Georges Cohen, with the vice presidency of strategic development and long-term growth, he finds himself where his qualifications are recognized, with the financial successes attributed to him.
Both on the management side and on the board of directors, the influence of the Fairchild group is also reduced. This is combined with a Cohen Group stake which, following the acquisition of the Sycamore Group, fell from 66% to 46%, and eventually 40%; which combines with welcoming Michael Malka (Sycamore) and Matthew Sharples (Sycamore) to key roles.
Finally, these changes adapt to the stricter rules of the TSX, in anticipation of a transfer of the listing to Toronto. In a context where minority shareholders have often felt neglected, this should encourage investors to make the effort to better understand Robex's business model, and to better consider Robex's ambitions to become a major gold producer in West Africa. In short, we will soon see if these changes are the spark we are waiting for.