Ovoca Bio plc announced that Kirill Golovanov has informed the Board of his intention to resign from his role as Chief Executive of the Company, with effect from 1 August 2024. At the same time, Timothy McCutcheon will become Chief Executive Officer of the Company. Mr. McCutcheon is a capital markets professional and corporate manager with over 25 years' business experience.

He has served as CEO and Director of several public natural resource companies with assets in Canada, Chile, Kyrgyzstan, Ghana, Mali, Russia, Slovakia and USA. Prior to his role as company manager, he was an award winning equity analyst at a major brokerage firm and founder of a boutique merchant bank specializing in the mining sector. Mr. McCutcheon obtained his BA his MBA in finance from Columbia University.