Terry Holohan has resigned as CEO, MD and director of ASX- and LSE-listed Resolute Mining, with immediate effect.

Resolute notes that it is discussing the terms of a proposed settlement in connection with his termination of employment.

Chris Eger, currently acting CEO, will formally assume the role of CEO and will also join the board of directors.

Meanwhile, Dave Jackson, who is currently acting CFO, will formally assume the role of CFO.

Eger has been the CFO at Resolute since joining the company in February 2023. He stepped into the role of acting CEO when Holohan took a leave of absence from December 13 to January 31, following his detention in Mali alongside two colleagues in November last year.

As previously reported by Mining Weekly, the trio were detained on November 8 during discussions with Malian mining and tax authorities. They were released on November 21 after the company agreed to a $247-million settlement with the Mali junta.

"Over the last three and a half years, first as COO and, since May 2022 as CEO, Terry played an important role in the team that has improved operational performance across our business, particularly at Syama which is now positioned to deliver on its significant potential.

“We thank Terry for his contribution, and we wish him all the best for the future. In Chris and Dave, we have a team who have worked closely with Terry over the last two years and have the expertise and knowledge to help realise the full potential of our assets for the benefit of all stakeholders,” says nonexecutive chairperson Andrew Wray.

Resolute notes that Eger has over 25 years of experience leading strategic, financial and commercial functions of businesses in the natural resources and financial sectors.

Previously, he held senior leadership positions at Chaarat Gold, Nyrstar, Trafigura, Bank of America Merrill Lynch and BMO Capital Markets.

Jackson has been the group financial controller at Resolute since April 2023 and is a chartered accountant who has spent the last 12 years working in the mining industry.

Previously, Jackson spent eight years at Endeavour Mining in various financial roles in Africa and London, most recently as VP group controller.