Deep Yellow (ASX:DYL) appoints new Chairman

• Deep Yellow (DYL) has appointed Chris Salisbury as Chairman for its next phase of growth
• Chris Salisbury comes with more than 30 years’ experience as a metallurgical engineer, previously holding the role of Chief Executive Iron Ore for Rio Tinto Group
• The new Chairman succeeds Rudolf Brunovs, who will remain on the board as a non-executive director and retain his role as Chair of the Audit Committee
• Deep Yellow shares are down 2.84 per cent, trading at 85.5 cents

Deep Yellow (DYL) has appointed a new Chairman for its next phase of growth.

Chris Salisbury has been appointed to the role, replacing Rudolf Brunovs. He comes with more than 30 years’ experience as a metallurgical engineer, working in the mining, strategy and operational experience sectors.

Salisbury previously worked in both Australia and Namibia through senior roles for the Rio Tinto Group, most recently holding the role of Chief Executive Iron Ore. During this period he was responsible for optimising operations and implementing the company’s climate change program, working with a team of around 20,000 employees and contractors across 16 mines, four ports and an autonomous railway system.

“Deep Yellow is in its strongest position ever as a company, underpinned by an exciting and advanced project portfolio and a strong cash balance,” said Deep Yellow Managing Director and CEO John Borshoff.  

“We see Chris playing an important role assisting the management team in executing our growth strategy, moving towards production and advancing key M&A [mergers and acquisitions] objectives.”

Rudolf Burnovs will remain on the board as a non-executive director and will retain his role as Chair of the Audit Committee.

The company says this new appointment comes at a critical time as the company embarks on its next phase of its dual-pillar growth strategy to establish a multi-platform, low-cost, tier one uranium producer.

Deep Yellow shares are down 2.84 per cent, trading at 85.5 cents at 12:20 pm AEST.