- Meeka Gold (MEK) appoints Tim Davidson and Paul Chapman as Managing Director and Chairman following long-standing Chairman Tim Moore’s resignation
- Mr Moore leaves the board on Tuesday, with Meeka citing a “desire to ensure the appropriate level of mining industry experience on the board” as a driver of the decision
- Mr Davidson is the current CEO and is a qualified mining engineer with extensive resource industry experience, both within Australia and internationally
- Mr Chapman is a chartered account with over 30 years of experience in the resources sector in Australia and the US
- Meeka Gold shares are up 5.26 per cent to 6 cents each at 11:16 am AEST
Meeka Gold (MEK) has appointed Tim Davidson and Paul Chapman as Managing Director and Chairman of the company, respectively, following the resignation of long-standing Chairman Tim Moore.
Mr Moore will leave the board on Tuesday, May 24, with Meeka citing “a desire to ensure the appropriate level of mining industry experience on the board” as a key motivator of his decision to resign.
Mr Davidson is the current CEO of the company and is a qualified mining engineer with extensive resource industry experience, both within Australia and internationally.
He has worked with prominent mining companies including Newmont, BHP and Silver Lake Resources and was particularly instrumental in the acquisition of Meeka’s 1.1 million ounces (Moz) Murchison gold project from Silver Lake.
His executive services agreement will be adjusted on account of the increased scope of the role to include director services, and Mr Davidson will now receive remuneration of $300,000 per year plus superannuation.
Meanwhile, Meeka said Mr Chapman, a chartered account with over 30 years of experience in the resources sector in Australia and the US, was a highly regarded and experienced mining industry leader who had guided companies through development and into production.
The company said that his experience, which Non-Executive Director Roger Steinepreis called “invaluable”, was integral in advancing Meeka’s gold and rare earth assets.
“Paul is well-known and a highly respected company director who has vast experience in building resource sector companies,” Mr Steinepreis said.
A long-term investor in Meeka, Mr Chapman holds five million shares and is well aligned with shareholders.
The company will issue him up to 3.5 million options upon his appointment as Chairman, subject to shareholder approval.
Meeka Gold shares were up 5.26 per cent to 6 cents each at 11:16 am AEST.