His appointment has been made to assist the transformation of the company into a mid-tier copper group while Alan Armstrong will step down from the board to act with the newly created chief financial officer role.
Following this appointment, the board is now able to progress the three pillared strategic intent to transform Castillo into a mid-tier group and complete the dual listing on the London Stock Exchange.
Paull will take charge of implementing the company’s overall strategy and take a hands-on role with the Zambian assets given his extensive experience in eastern Africa.
Three pillared strategic intent
Castillo’s chairman Rob Scott said: “The board is delighted Simon has agreed to join the company as we embark on implementing our three pillared strategic intent to transform CCZ into a mid-tier copper group.
“Having enjoyed a highly successful career as a senior executive in two global multi-national groups, leveraging his strategic leadership skills and intimate knowledge of east Africa will be integral moving forward.”
Castillo incoming managing director Simon Paull said: “CCZ presents an outstanding opportunity and I’m delighted to be part of a high-calibre team tasked with building a mid-tier copper group.
“We have an ambitious forward agenda to implement which includes the London listing and prioritising our exploration programs.”