Kairiki Energy Limited (ASX:KIK) Appoints John Morton As Non-Executive Director
Perth, Aug 25, 2010 AEST (ABN Newswire) - Kairiki Energy Limited (ASX:KIK) (PINK:KAIRF) are very pleased to announce the appointment of Mr John Morton as a non-executive Director with effect from 25 August 2010.
Mr Morton replaces Ms Jyn Sim Baker as IMC Group's nominee director on the Kairiki Board following Ms Baker's resignation from IMC in May 2010.
Mr Morton is Chief Portfolio Manager of IMC's resource investments and is based in Perth. Mr Morton has a Master of Applied Finance, Bachelor of Arts and Bachelor of Commerce. He is also a member of the Institute of Chartered Accountants (ICAA).
Mr Morton has in excess of 15 years experience in investments, strategy and corporate finance in both Australia and overseas having worked with Ernst & Young Corporate Finance and Rio Tinto (ASX:RIO) (NYSE:RTP).
Commenting on the appointment of Mr Morton, Mr Fry, Kairiki's Chairman said:
"We are delighted to have someone of Mr Morton's experience and calibre on the Kairiki Board. Mr Morton's experience will be particularly helpful as the company progresses its investments in the Tindalo development and nearby SC54B.
"I wish to also thank Jyn for her valuable contribution she has made over the past 22 months and would like to wish her well in her future endeavours.
Dr. Mark Fenton
Kairiki Energy Limited