Elvis has left the building
THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.
FEASIBILITY STUDY RESTRUCTURE
Following completion of a Feasibility Study, Venturex Resources (ASX: VXR) has streamlined its operations with some head office administrative restructuring.
This has resulted in non-executive directors Allan Trench and John Nitschke retiring from the Board.
NEW MANAGING DIRECTOR
Red Mountain Mining (ASX: RMX) has appointed Jon Dugdale as its new managing director.
The company has also announced, from 1 May 2013, executive chairman Neil Warburton will assume the role of non-executive chairman.
BOARD AND MANAGEMENT CHANGES
Goodrich Resources (ASX: GRX) has made a few Board room changes after the company’s Kimberley Diamond Company.
Alex Alexander is to take the role of executive chairman.
Rod Sainty is to step down as managing director of Goodrich, but will will remain a director of the company and continue to serve in an executive capacity as General Manager – Minerals.
Lee-Anne de Bruin will assume the role of managing director.
De Bruin is currently Kimberley Diamond chief executive officer.
APPOINTMENT AS CFO AND EXECUTIVE DIRECTOR
Coal of Africa (ASX: CZA) has appointed Michael Meeser as chief financial officer and executive director with effect from 1 June 2013.
“I would like to welcome Michael on board during a challenging and yet exciting period of the company’s development,” Coal of Africa chairman David Brown said.
“Michael brings a suite of unique skills that will enable the management to further strengthen the company’s balance sheet as we bring our coking and thermal coal projects to account.
“As a Board we are keen to ensure that we execute on the key milestones necessary for shareholder value growth.”
RESIGNATION OF DIRECTOR
Global Gold Holdings (ASX: GGH) has accepted the resignation of Patrick Ther Wee Cheng as executive director to pursue other private interests.
DIRECTOR RESIGNATION
The Board of Proto Resources & Investments (ASX: PRW) announced Aziz (Greg) Melick has resigned as a non-executive director of the company.
Melick will continue to have an ongoing contribution joining the board of Nickel Developments Limited, which is the operational vehicle behind Proto’s Barnes Hill nickel-cobalt project.
RESIGNATION OF DIRECTOR
ZYL Limited (ASX: ZYL) has advised the market that Ian Benning has resigned as chief executive officer and director.
Phillipe Lalieu, ZYL’s commercial director, and Jan Britz, ZYL SA’s chief operations officer, are to collectively take over the CEO’s duties, on an interim basis, until a new CEO is appointed.
RESIGNATION OF DIRECTOR
Scotgold (ASX: SGZ) has announced Shane Sadleir, who joined the company in 2007 and served as chairman between 2007 and 2008, has resigned as a non-executive director.
“Shane has made an important contribution to the Company and was instrumental in its listing on the ASX in 2007,” Scotgold chairman John Bentley said.
“I thank him on behalf of other Board members and shareholders for the expertise he has brought to his role with the company.”