Join our daily newsletter At The Bell to receive exclusive market insights
- Westgold Resources’ (WGX) Chief Executive Officer resigns after four years with the company
- Debbie Fullarton attributed the decision to a desire to pursue other opportunities, with her resignation effective immediately
- As such, Wayne Bramwell has been appointed Managing Director of the company, with the role of separate CEO scrapped from Westgold altogether
- The MD position comes with a $500,000 yearly salary, plus a short term incentive of 40 per cent of base salary every year
- Westgold Resources dips 0.87 per cent, trading at $1.42 at 12:28 pm AEST
Westgold Resources’ (WGX) Chief Executive Officer has announced her resignation after four years with the company.
Debbie Fullarton attributed the decision to a desire to pursue other opportunities, with her resignation effective immediately.
“Debbie has been instrumental as both the Chief Executive Officer and previously the Chief Financial Officer in advancing the company over the past four years,” Chair Cheryl Edwardes said.
“She has led the company tirelessly through COVID-19 and delivered organisational changes that now positions the company to deliver increased value to its shareholders.”
As a result of the move, Wayne Bramwell has been appointed Managing Director of the company, with the role of separate CEO scrapped from Westgold altogether. In doing so, Westgold said the board can adopt an executive structure more in keeping with “corporate governance norms.”
Wayne Bramwell has over 30 years of corporate and technical experience, having joined Westgold as a Non-Executive Director in February 2020, and holding the role of Executive Director since July 2021.
The role comes with a $500,000 yearly salary, plus a short term incentive of 40 per cent of base salary every year.
Wayne Bramwell said he’s excited to take on the opportunity to lead Westgold.
“Westgold looks forward to becoming a larger player in the Australian gold sector,” Mr Bramwell said.
“Our growth strategy is funded, and we have an active exploration programme testing new targets across the Murchison and Bryah. Increasing gold production in FY23 and FY24 from Bluebird, Fender and the Tuckabianna trend will underpin the expansion of our processing hubs.”
Westgold Resources dipped 0.87 per cent, trading at $1.42 at 12:28 pm AEST.
