[miningmx.com] — PETER Earl is stepping down as CEO of JSE-listed Ipsa Group which he helped found in 2005. He will be replaced by Philip Metcalf who has been a non-executive of Ipsa since February.
Ipsa said in a statement to the JSE that Melcalf had been senior vice president of Nasdaq-listed Global Crossing and a former director of engineering consultancy, Stone and Webster which is now part of the Shaw Group.
Ipsa said Earl, whose major success was the commissioning if the company’s Newcastle Cogeneration Plant (NewCogen) which now supplies Eskom, would remain as a non-executive on the board.
“Because NewCogen has been running under contract to Eskom for the past year, Mr Metcalf’s strong operational and engineering background make him well positioned to take the company forward from its established base,” Ipsa said in a statement.
All other directors at Ipsa will remain in their positions “for the time being”, the company said.
