Elvis has left the building July 22
THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. The Whisperer pokes his head down the corridors of power to take a quick look at some of the chairs to have recently been vacated and to find out which ones have been filled:
Sherwin board restructure
Sherwin Iron advised the market of the resignation of Greg Bittar as managing director.
Bittar will continue as a consultant while the company seeks a replacement.
Sherwin also announced James Henderson and Barry Coulter will be joining the company’s board as non-executive directors and that Michael Bowen resigned as a non- executive director.
Winmar appoints non-executive director and resignation of executive director
Winmar Resources announced the appointment Alex Alexander as a non-executive director.
Alexander is the founder and managing director of Summit Equities Limited, a boutique financial advisory firm with particular focus on resources and commodities.
Winmar also announced that executive director Benjamin Cooper tendered his resignation.
Winmar Resources has commenced a search for a replacement executive director and managing director.
During this time David Coad and Albert Wong will act as interim executive directors.
Falcon board restructure
Falcon Minerals has appointed Ron Smit as managing director of the company.
Smit worked for BHP Minerals International (now BHP Billion) where he held many senior technical and management positions.
Over the last ten years he has been involved in the junior mining sector with the successful ASX listings of Marengo Mining and Buxton Resources.
To accommodate the change Richard Diermajer has moved from managing director to executive chairman.
Graeme Cameron tendered his resignation technical director but will remain as a non-executive director.
New board appointments at MIL
MIL Resources has appointed Doug Halley as chairman, John Holliday as non-executive director and Bruce Griffin as managing director.
The company said these appointments form an integral part of the next stage of corporate development for MIL, following the appointment of Bruce Griffin as chief executive officer in November 2010.
Sultan in boardroom shuffle
Sultan Corporation has appointed Mike Ralston as managing director, effective 1 August 2011.
Ralston currently serves as a non-executive director of Sultan. He will move to the full-time executive position at Sultan from a senior role as chief financial officer with ASX-listed Indonesian coal producer Kangaroo Resources.
Sultan’s current managing director Derek Lenartowicz will move to the position of executive chairman.
Northern Mining makes some changes
Northern Mining has appointed Greg Wilson as the company’s chief executive officer.
Wilson has previous experience with leading resource companies – Newcrest Mining, Delta Gold, AurionGold, Placer Dome Asia Pacific and Integra Mining.
Alan Lockett is to step down as executive chairman to assume the role of non-executive chairman.
NT Resources appoints new CEO
NT Resources has appointed Lyndon Hopkins as chief executive officer.
Hopkins has been involved in grass roots exploration, resource definition, project generation and development as well as having extensive open cut mining experience.
As chief operating officer of Equigold NL’s Ivory Coast operations Hopkins oversaw the resource definition of the company’s Bonikro gold mine and managed the in-country aspects of the feasibility study into this project.