Elvis has left the building July 1

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. The Whisperer pokes his head down the corridors of power to take a quick look at some of the chairs to have recently been vacated and to find out which ones have been filled:

Callabonna Uranium MD steps down

Stephen McGaughey has stepped down as managing director of Callabonna Uranium due to family reasons.

The current director of operations Michael Raetz will be takeing up the reigns until the company is able to appoint a new managing director.

Mike Raetz is one of the founding directors of Callabonna.

The company’s project team remains in place, including a business development group that will include McGaughey and two leading consultants, Dr Chris Blain and Dr Martin Hughes.

Appointment of managing director and CEO

Heron Resources has appointed Jonathan Shellabear as managing director and chief executive officer, effective from 1 August 2011.

Shellabear has experience in the Australian and international mining industries having held senior corporate and investment banking roles with NM Rothschild & Sons (Australia) Limited and Deutsche Bank.

Most recently he was the managing director and CEO of Dominion Mining, a position he held until February 2011 following the completion of the agreed takeover of Dominion by Kingsgate Consolidated.

Chief Financial Officer appointed

Universal Coal announced the appointment of Daryl Edwards as chief financial officer.

Prior to joining Universal Coal, Edwards was CFO for Botswana-based coal exploration and development company Asenjo Energy, a joint venture between Aquila Resources, Sentula Mining and Jonah Capital BVI.

Other previous positions include financial and commercial manager for Vincemus Investment, a large South African multinational diversified company in the transport, automotive and property management industry; he has also been a senior internal auditor at BHP Billiton.