THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.
Independence Group appoints Managing Director
Independence Group (ASX: IGO) has appointed Peter Bradford as its managing director and chief executive officer.
Bradford succeeds Chris Bonwick who retired in November 2013.
Bradford has over 35years’ experience in Australia and internationally across all aspects of the industry including exploration, development and mining operations.
“The IGO Board is delighted with the appointment of Peter Bradford as our new managing director and has strong confidence in Peter’s ability to lead the company and deliver growth in shareholder value”, Independence Group chairman Peter Bilbe said.
“The IGO Board sought to find an experienced mining professional who is a recognised leader of listed mining companies.
“In Peter, the Board believes it has found an experienced, high calibre and well proven leader for the company who has a demonstrated track record at chief executive level in mining operations, finance, commercial transactions and development of strategy.”
Bradford said he was excited to be joining Independence Group.
“I have followed Independence Group closely since it listed on the ASX and I am delighted to join a mining company of Independence Group’s standing and to lead a company with a strong management team and an excellent track record of exploration, development and mining,” Peter Bradford said.
“I look forward to working with the team to grow shareholder value and to continue to build a great Australian mining company.”
Extension of Managing Director’s Contract
Venturex Resources (ASX: VXR) announced the company’s managing director, Michael
Mulroney has agreed to a 12 month extension of his contract.
“The Board are delighted to extend Michael’s contact for a further 12 months after his current contract expires on 27 Feb 2014,” Venturex Resources chairman Tony Kiernan said.
Dart Energy (ASX: DTE) advised that director Peter Forbes has resigned due to personal family reasons.
“The Board of Dart Energy has accepted Peter’s resignation with regret and acknowledge his important contribution in his short tenure but also appreciates that personal family issues must take priority,” Dart Energy chairman Rob Neale said.
“The Board will now implement a process to recruit a replacement director in due course.”
Change to Board of Directors
Glory Resources (ASX: GLY) has named the following new non-executive members to its Board following the acquisition of over 90 per cent of the company’s shares by
Eldorado Gold Coöperatief UA, an indirect wholly owned subsidiary of Eldorado Gold Corporation.
Dawn Moss, Executive Vice President, Administration and Corporate Secretary, Eldorado Gold Corporation and Director, Eldorado;
Geoffrey Handley, Independent Director, Eldorado Gold Corporation; and
Anthony Ho, Managing Partner, Anthony Ho and Associates.
The Glory Board has accepted resignations from the following members of the Board: Bernard Aylward, Lui Giuliani and Jeremy Wrathall.
Jason Bontempo will remain on the Board.
Resignation of Director
Ventnor Resources (ASX: VRX) has advised that John Geary has resigned from the position of non-executive director.
Geary will continue in the role of company secretary.
Board and management Changes
Anchor Resources (ASX: AHR) announced that Steven Yu has resigned as chief executive officer.
In addition Yu will step down as an executive director with effect from 4 June 2014, but will continue as a non-executive director from this date with remuneration adjusting accordingly.
The company also advised of the appointment of Ian Price as chief executive officer.
Price will retain his position as managing director. There will be no change to the terms of Price’s employment contract.