Join our daily newsletter At The Bell to receive exclusive market insights
- Macarthur Minerals (MIO) reshuffles its senior management, including a change in CEO and Managing Director
- The company’s CEO and Managing Director, Alan Joseph Phillips, will step down from his role, with Executive Chairman Cameron McCall to replace him
- Mr Phillips will remain a major shareholder in the company and will continue to advise the Macarthur Strategic Sub-Committee
- In addition, the company will appoint Ryan Welker to its board of directors from September
- Macarthur shares are trading grey in early trade at 19.5 cents at 11:53 am AEST
Macarthur Minerals (MIO) has reshuffled its senior management, including a change in CEO and Managing Director.
The company’s CEO and Managing Director, Alan Joseph Phillips, will step down from his role, with Executive Chairman Cameron McCall to replace him. Mr McCall will also continue in his role as Chairman.
Meanwhile, Mr Phillips will remain a major shareholder in the company and will continue to advise the Macarthur Strategic Sub-Committee. The company said he was stepping aside to make way for “new skill sets” necessary for Macarthur to deliver its final development and production stage for the Lake Giles iron project in WA.
In addition, the company will appoint Ryan Welker to its board of directors from September.
Mr Welker is Chairman and Co-founder of coking coal producer Vitrinite and has experience in management, corporate development, and finance.
Prior to this, he held positions in companies such as Rio Tinto, Hancock Prospecting, Standard Bank, and Mineral Resources.
Macarthur’s Chairman welcomed Mr Welker to the board.
“The next stage of Macarthur’s development is an exciting one, and Ryan Welker’s extensive commercial finance and mining experience will be an invaluable asset to Macarthur and we look forward to working with him as we develop our Lake Giles iron project in the Yilgarn region of Western Australia,” Mr McCall said.
Macarthur shares were trading grey in early trade at 19.5 cents at 11:53 am AEST.
