Elvis has left the building

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

Chief Executive Officer Appointment

Otto Energy (ASX: OEL) has appointed Matthew Allen to the position of chief executive officer (CEO), following the mutually agreed resignation of Gregor McNab due to personal reasons.

“The Board welcomes Matthew’s appointment as CEO and we are confident he has the requisite skills and experience to fulfil this role,” Otto Energy chairman Rick Crabb said.

“Over recent years, Matthew has worked closely with Gregor on implementing Otto’s key strategic initiatives and operational projects, and is actively involved in all the company’s planning tasks and decision-making processes.”

Appointment of Chief Executive Officer and new Director

Indo Mines (ASX: IDO) has appointed Arran Marshall to the role of chief executive officer based in Jakarta, Indonesia.
“The Board is pleased to welcome Arran to the team,” Indo Mines chairman Peter Chambers said.

“He has been operating in Indonesia for three years and has a very good understanding of how mining companies can successfully work within the local community and also within the new regulatory environment in which we operate.

“A key success factor of the project is an effective working relationship between Indo
Mines and JMI. Arran will bring effective value add to this relationship.”

Indo Mines has also appointed Ms Stacey Apostolou to its Board.

Apostolou has been with the company since October 2011 and has held the roles of chief financial officer and company secretary.

Resignation of Director

Regis Resources (ASX: RRL) advised that Morgan Hart has resigned as a director of the company.

Regis said in the interim period until a suitable appointment is made, the role of chief operating officer will be overseen by the company’s managing director Mark Clark with the assistance of non-executive directors Frank Fergusson and Nick Giorgetta.

Board appoints new Director

Marathon Resources (ASX: MTN) appointed Christopher Ryan as a director of the company.

Ryan is the Principal of established Sydney-based corporate advisory firm, Westchester Corporate Finance, which specialises in advising listed companies on fundraising options, mergers and acquisitions and associated transactions.

Ryan is also a non-executive director of ASX-listed investment company, Bentley Capital Limited (ASX: BEL).