THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.
Board and Management Change
Hazelwood Resources (ASX: HAZ) has appointed Mark Warren to the position of executive chairman.
The Board of Hazelwood will now comprise:
Mark Warren – executive chairman; Frank Ashe – independent non-executive director; Pat Burke – independent non-executive director; John Chegwidden – director and joint company secretary.
Hazelwood’s current managing director Terry Butler-Blaxell will be retiring.
Butler-Blaxell founded Hazelwood in 2006 and led the company through the acquisition and assessment of its base metal and tungsten projects.
Appointment as Managing Director
Metals of Africa (ASX: MTA) advised that Cherie Leeden has changed roles within the company from executive director to managing director.
“Cherie’s record of discovery, her background with the major minerals houses, and strong commitment to on-the-ground exploration and in-country management will ensure Metals of Africa is well placed to quickly capitalise on exploration success in the future,” MTA chairman Gilbert George said.
“The Board is confident that Cherie in her new role is the right person to guide the company through this next exciting stage.”
Resignation of Director
Compass Resources (ASX: CMR) announced Philip Wood has resigned as director of the company, effective immediately.
Wood also gave notice of his resignation as chief executive officer, which is to take effect on 23 December 2014.
Thereafter he will continue for a further four months under a consulting agreement with the company, on similar terms to that upon which he was employed as CEO, in order to ensure a proper transition of the management of the company.
Compass Resources managing director Jim Carr will continue in that role and have responsibility for the ongoing management of the company.
One director out – two non-execs in
Foyson Resources (ASX: FOY) announced it has accepted the resignation of director John Halliday.
In a separate release the company announced the appointment of Bevan Dooley and Paul Dickson as non-executive directors.
Dooley brings to Foyson 15 years of experience in the energy, fuel and chemical processing industries having been integral in the design, construction, commissioning and ongoing management of many energy, fuel and chemical processing facilities in Australia and around the world.
Dickson has more than 20 years of experience in business management.
His role since 2008 has been as business founder and owner of Dickson & Dickson Healthcare Limited, a public company competing in the healthcare (medical products) sectors in Australia, New Zealand and South Africa.
“The Board welcomes Bevan and Paul to the company,” Foyson Resources chairman Doug Halley said.
“We believe that both Bevan and Paul’s corporate and technical experience will be instrumental in developing our portfolio of assets both here in Australia and Papua New Guinea.”