Murchison Metals Limited (
Each of the incoming Directors has extensive skills and experience in a range of relevant industries that will greatly assist the Company as it moves into the financing, approval and execution phases for the Oakajee port and rail infrastructure project and Jack Hills Expansion Project.
The newly appointed Non-executive Directors are:
Mr Peter Wasow
Mr Wasow spent nine years as Executive Vice President and Chief Financial Officer of major Australian oil and gas producer Santos Ltd (
Mr Greg Martin
Mr Martin has 30 years experience in the energy, utility and infrastructure sectors. Mr Martin is currently Chairman of Grant Samuel Infrastructure Partners and a Non-executive Director of major Australian oil and gas producer Santos Ltd as well as the Australian Energy Market Operator. Mr Martin spent 25 years with The Australian Gas Light Company Ltd ("AGL"), one of Australia's oldest and biggest publicly listed downstream energy companies, including five years as Chief Executive Officer and Managing Director between 2001 and 2006. After leaving AGL, Mr Martin spent two and a half years as CEO of the infrastructure division of ASX-listed Challenger Financial Services Group (
Mr Ken Scott-Mackenzie
Currently the Chairman of major ASX-listed mining and civil contractor Macmahon Holdings Ltd (
Ms Samantha Tough
Ms Tough is a professional Non-executive Director with two decades of corporate experience, primarily in the WA natural resources sector. Ms Tough spent five years as a senior executive with leading Australian energy group Woodside Energy Ltd, including four years as General Manager of the North West Shelf project, Australia's largest operating resources development. After leaving Woodside in 2005, Ms Tough was Director of Strategy at ASX-listed oil producer Hardman Resources prior to its takeover by UK-based Tullow Oil Plc (
Murchison Executive Chairman Paul Kopejtka said, "The appointment of four highly respected and experienced independent Non-executive Directors to the Murchison Board complements the extensive skills and experience of Murchison's existing Directors and is an important development as Murchison enters the most exciting period in the Company's history."
The new Board appointments have also provided the opportunity to review the Company's existing governance and executive management arrangements.
Managing Director Trevor Matthews will move from the Board into the newly-created position of Chief Executive Officer, with immediate effect. The role of Chairman will also become an independent nonexecutive position at an appropriate time to be determined by the newly constituted Board.
These changes will result in a more appropriately structured Board and governance framework for the next phase of the Company's development.
Murchison's existing Non-executive Directors are: Mr Rod Baxter, Managing Director of major engineering services group Calibre Global; Mr James McClements, co-founder of specialist resources focused investment group Resource Capital Funds, a major Murchison shareholder; and Mr SM Woo, Managing Director of POSCO Australia Pty Ltd, Murchison's largest shareholder and a wholly-owned subsidiary of South Korean steel producer POSCO (
About Murchison Metals Limited
Contact
Paul KopejtkaExecutive Chairman
Murchison Metals Ltd
Tel: +61-8-9492-2600
John Phaceas
Manager External Relations
Murchison Metals
Tel: +61-8-9492-2600
Mob: +61-411-449-621
Email: info@mml.net.au
http://www.mml.net.au
Related Companies
Commonwealth Bank of Australia
Related Industry Topics: