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- Aruma Resources (AAJ) promotes its Chief Operating Officer to Chief Executive
- The new CEO, Glenn Grayson, will take over from the company’s founding Managing Director Peter Schwann, who will remain on the board as a Non-executive Director
- As CEO, Mr Grayson will be responsible for formulating and implementing the company’s exploration strategy going forward
- Prior to joining Aruma in October last year, Mr Grayson was Exploration Manager for Kin Mining (KIN) and has over 27 years experience as a geologist
- AAJ shares last traded at 9.7 cents on January 19
Aruma Resources (AAJ) has promoted its Chief Operating Officer to Chief Executive.
The new CEO, Glenn Grayson, will take over from the company’s founding Managing Director Peter Schwann, who will remain on the board as a Non-executive Director.
Since joining Aruma in October 2022 as COO, the company said Mr Grayson had demonstrated his technical expertise and commitment to process and rigour on its exploration strategy, and in the planning and execution of its exploration programs.
Now as CEO, Mr Grayson will be responsible for formulating and implementing the company’s exploration strategy going forward, along with the underlying on-ground fieldwork and exploration programs.
He will also be responsible for the management of day-to-day operations and key stakeholders including shareholders and the investor market.
Aruma Chairman James Moses said the company was delighted to appoint Mr Grayson as its new Chief Executive and looks forward to working closely with him as the company embarks on its next phase of growth.
“[Mr Grayson] has already demonstrated his technical acumen in his work on the company’s projects to date, and we look forward to seeing the company flourish under his leadership.”
Mr Moses also acknowledge Mr Schwann’s contribution to the company.
“I would like to thank Peter for the tireless commitment and energy he displayed throughout his tenure, and for his passion for the role.”
Prior to joining Aruma, Mr Grayson was Exploration Manager for Kin Mining (KIN) and has over 27 years’ experience as a geologist.
As AAJ’s Chief Executive, Mr Grayson will receive a base salary of $275,000 and will be able to participate in the company’s incentive equity arrangements at the discretion of the board and subject to shareholder approval.
AAJ shares last traded at 9.7 cents on January 19.
