THE BOURSE WHISPERER: This week the junior mining company Boardroom shuffle sees a former state Premier find a new seat.
Australian Bauxite Limited (ASX: ABZ) has made a few interesting changes to its board of directors as a consequence of a recent change in major shareholding.
Former Tasmanian Premier, Paul Lennon has accepted an appointment to the board as non-executive director.
Besides serving as Premier of Tasmania for four years until 2008, after serving as Treasurer between 2004 and 2006, Lennon has experience in the resources sector.
He was the Minister for Infrastructure, Energy and Resources (1998-2002), and later Minister for Economic Development, Energy and Resources (2002- 2004) and Deputy Premier of Tasmania (1998-2004).
Peter Meers advised the company he will retire from his position as executive deputy chairman and director at the close of this calendar year.
Meers was the founding chairman of ABZ, when the company first listed on the ASX in December 2009.
Wei Huang has also advised of his retirement at the close of this calendar year after four years of service.
Mr Huang has contributed to the company as a non-executive director both at board and committee level.
Appointment of Finland managing director
Altona Mining Limited (ASX: AOH) announced the appointment of Antti Pihko as managing director, Finland effective 1 February 2014.
Pihko will be part of Altona’s senior management team reporting directly to the company’s group managing director, Dr Alistair Cowden.
Apollo Minerals (ASX: AON) advised that Dominic Tisdell has been appointed chief executive officer.
Tisdell, previously chief operating officer, as part of this change will step down from the Board of Apollo to focus on the technical development of the company’s projects.
Board and Management changes
Alumina Limited (ASX AWC) had advised that John Bevan will retire as chief executive officer and a director of the company on 31 December 2013.
Peter Wasow, currently a director of Alumina Limited, will succeed Bevan as CEO.
Peter Wasow has over 30 years of experience in the resources and energy sectors, including as chief financial officer and executive vice president of Santos, and more than 20 years with BHP, including as vice president, finance.
Leyshon Resources (ASX: LRL) advised that John Fletcher has resigned from the Board of directors.
Richard Seville, a non-executive director of the company, has agreed to assume the position of non-executive chairman during the company’s transition period following the departure of Fletcher.
Fertoz Limited (ASX: FTZ) announced that non-executive director Peter Bennetto has resigned from the Board.
Bennetto has been a non-executive director of Fertoz since December 2010.
Ken Boundy has advised Hudson Resources (ASX: HRS) of his resignation as a director, effective immediately.
“I have appreciated the opportunity to serve on this board since early 2010, and wish the company well in the future,” Boundy said.
Boundy said his decision allows him to further focus on his other corporate interests and responsibilities.
Resignation of Director
Exalt Resources (ASX: ERD) advised the market that Robert Crossman has resigned from the company’s Board and will not be standing for election at the company’s 2013 Annual General Meeting.
Appointment of non-Executive Chairman
Renaissance Minerals (ASX: RNS) has appointed Alan Campbell as an independent non-executive chairman.
Campbell is a geologist, with over 30 years of extensive experience and knowledge in the resources sector.
Campbell was recently managing director of Papillion Resources during the discovery of the multi-million ounce Fekola gold deposit in Mali.
Renaissance said following this appointment, Dave Kelly will remain as a non-executive director of the company.
“We are delighted to have attracted someone of the calibre of Alan as an independent non-executive chairman of the company,” Renaissance Minerals managing director Justin Tremain said.
“He has a proven record of large scale gold discoveries and has extensive experience in working in emerging countries, including Asia.
“He brings to the company additional corporate and technical skills that will be invaluable to the company as we advance the Cambodian gold project.”
Appointment of in-country management: Peru
Platypus Minerals (ASX: PLP) has appointed a senior in-Peru management team to oversee the company’s Peruvian operations.
Gary Anderson will take on the role of general manager-Peru, and Zbigniew ‘Adam’ Szybinski will lead exploration in the role of exploration manager-Peru.
Both men are former senior executives of Canadian company High Ridge Resources Inc., which undertook initial exploration of the Chanape area during its 2007–2009 Peruvian campaign in the San Mateo mining district.
Anderson, as president and CEO of High Ridge, and Szybinski, as VP Exploration.