London Mining (LON:LOND) has unveiled a former BP non-executive and ex-Johnson Matthey chairman as non-executive director and chairman elect.
Michael Miles OBE will succeed Dr Colin Knight as chairman of London Mining in the first quarter of 2013 when the latter steps down after eight years in the chair.
The iron ore miner said Miles brings extensive and varied business and FTSE 100 board governance experience to the London board.
He currently serves on the board for GEMs Ltd, a venture capital firm with interests in China and the Far East, a region of which Miles has “extensive and unrivalled experience,” London Mining said.
London Mining called the region “the most important market for iron ore” and “a key part of London Mining’s long-term customer and partnering strategy”.
“Michael's extensive experience in North East Asia and China will be a real asset to London Mining as we continue to grow our projects and strengthen our global profile,” said chief executive Graeme Hossie.
“His expertise and experience of serving as chairman and on the boards of global FTSE 100 companies will be invaluable in guiding London Mining as it continues its growth and transition from being developer to producer.”
Miles was until recently chairman of asset management company Schroders (LON:SDR) and previously chaired precious metals and chemicals firm Johnson Matthey (LON:JMAT).
He has also had a seat on the boards of oil giant BP (LON:BP.) and construction firm Balfour Beatty (LON:BBY).