Elvis has left the building

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Appointment of Managing Director/CEO

Energy and Minerals Australia (ASX: EMA) has carried out a management restructure which has resulted in the appointment of Mike Young as managing director/chief executive officer of the company.
EMA’s current chief executive officer, Julian Tapp, will move into the role of chief operating officer and continue to manage the approvals process, feasibility assessment and development of the company’s Mulga Rock project.

Tapp will remain an executive director on the company’s Board and Young will continue as acting chairman until a new chairman is found.

Appointment of Non-Executive Director

IMX Resources (ASX: IXR) has appointed Dr Derek Fisher as a non-executive director.

Dr Fisher has played key roles in listing and managing resources companies on both the ASX and TSX as well as identifying, evaluating, developing and operating quality mine developments.

He was co-founder and a director of African copper miner Anvil Mining from 1995-2000 and co-founder and CEO/managing director of Moly Mines Limited from 2003 until 2012.

Board Restructure

Global Strategic Metals (ASX: GSZ) reported that Anthony Roberts has resigned as executive director of the company.

Following Roberts’ resignation, Benjamin Hill, currently a non-executive director with the company, has been appointed interim executive director.

Board Appointment

Globe Metals & Mining (ASX: GBE) has appointed Alex Ko as non-executive director.

Ko has been involved the listing of Chinese equity offers through the Hong Kong exchange including many high profile government and private Chinese companies.

His previous experience includes the Head of Asian Corporate Finance for BNP Paribus Peregrine Capital and chief executive officer of Piper Jaffray Asia Holdings.

He has held numerous independent non-executive director roles with Hong Kong-listed companies in the energy, transportation, electronics and environmental protection industries, and has strengths in finance and corporate governance.

Ko is currently advisor to Minmetals Capital Ltd Hong Kong, non-executive director of Termbray Petro-king Oilfield Services Limited, and trustee of a not for profit schooling academy in the USA.

Board Restructure

Dart Mining (ASX: DTM) has restructured the company’s Board following discussions with representatives of a shareholder group that recently lodged a section 249D Notice seeking the removal of the existing Directors.

The discussions resolved that neither a full Board spill nor the loss of corporate history that would result was in the interests of the company or its shareholders.

That Notice has now been withdrawn and in order to avoid any further dispute, Richard Udovenya and Stephen Poke have agreed to step down from the Board, with the vacancies created by their resignations to be filled by Bruce Paterson and Rob Hogarth.

In addition, Chris Bain, who will remain as a non-executive director, has agreed to vacate the chair in favour of Paterson.

At a senior management level, Dean Turnbull has agreed to remain as an executive director until such time as the company has appointed a new CEO or managing director (to replace Mr Ward who resigned in December 2013), at which time Turnbull will step down from the board to concentrate on his executive duties.

According to Dart Mining both the retiring directors and the new Board accept the agreement on the present composition and any future structure of the Board will result in one that is balanced and reflects the interests of all shareholders.

The company explained the outcome preserves its corporate knowledge and is line with the appropriate standards of corporate governance.

Appointment of Additional Independent Non-Executive Director

Aquila Resources (ASX: AQA) has appointed Denise Goldsworthy as an independent non-executive director of the company.

Goldsworthy has previously held a number of senior positions within Rio Tinto (ASX: RIO), including periods as the chief commercial officer of Autonomous Haul Trucks, managing director of HIsmelt Corporation, managing director of Dampier Salt, vice-president Operations (Asia Pacific) of Rio Tinto Minerals, director Major Projects of Rio Tinto Iron Ore, and general manager Resource Development of Hamersley Iron.

Prior to Rio Tinto, Goldsworthy worked in various operational and technical roles with BHP Steel in Newcastle.

She has a great deal of technical and commercial experience in the steel, iron ore and industrial minerals sectors, having worked in several operational and strategic management roles, predominantly with Rio Tinto.

Executive Management Changes

Mutiny Gold (ASX MYG) has advised that John Greeve has stepped down as managing director of the company.

Non-executive director Rowan Johnston will be appointed acting CEO while Greeve’s replacement is sourced.

Board Changes

Citation Resources (ASX: CTR) announced the appointment of Peter Landau to the company’s Board of Directors.

Landau is the founding director of Okap Ventures Pty Ltd, an internationally-focused project management, corporate advisory and capital raising firm based in Western Australia and London.

Landau is a director of various ASX and AIM-listed resource companies including, Range Resources, Nkwe Platinum and Black Mountain Resources.

His appointment follows the resignation of Sophie Raven as director and company secretary following the company’s move of head office and corporate operations.

Citation has appointed Sara Kelly company secretary.