- Daniel Taylor resigns as Managing Director of Equinox Resources (EQN), effective immediately, having spent less than a year in the position
- The Board confirmed it has commenced the search for a new Managing Director or CEO with the appropriate skills to lead the company
- Mr Taylor holds five million unlisted options to acquire fully paid shares in the company, which will immediately lapse upon his resignation
- Shares in Equinox Resources were up 5.36 per cent to 5.9 cents as of 3:49 pm AEST
Daniel Taylor has resigned from his short-lived post as Managing Director of Equinox Resources (EQN), effective immediately.
The Board confirmed it has commenced the search for a new Managing Director or CEO with the appropriate skills development strategies to lead the company and complement those of the existing team.
Mr Taylor holds five million unlisted options to acquire fully paid shares in the company — exercisable at $0.30 each on October 6, 2024, and subject to escrow until October 13, 2023 — which will immediately lapse upon his resignation.
The outgoing Managing Director is a senior international commodities sales and marketing executive with 20 years of genuine market-facing experience across iron ore, battery and industrial minerals, ocean freight and logistics.
He had spent roughly 11 months as Managing Director at Equinox, and has held senior positions at Norman Beach, Yarram Iron Ore and Roy Hill.
Shares in Equinox Resources were up 5.36 per cent to 5.9 cents as of 3:49 pm AEST.