Berkeley's CEO waves goodbye

The Chief Executive Officer and Managing Director of AIM-listed uranium producer Berkeley Resources is to walk away from the firm next month, the company announced this morning.

Brendan James, who is based in Spain, has resigned from his positions (and the board) and will leave the group on May 20th. The company did not give a reason but wished him well "in his future endeavours."

"I am very proud of what the team here in Spain has achieved over the last year, under challenging circumstances," James said.

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"Berkeley is now in the position to progress a solid project portfolio. Whilst, unfortunately, I will not be here to see this vision fulfilled, I have absolute belief in the management team we have constructed. I am confident that Berkeley's projects will be delivered on time, and on budget, allowing the company to achieve first production in 2014," he said.

Berkeley assures that his departure will not impede progress of its flagship Salamanca 1 project or other operations.

"Future management arrangements will be communicated shortly," the statement said.

BC