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- Simon Finnis resigns as Managing Director of KGL Resources (KGL), effective May 20
- Throughout his time as Managing Director, Mr Finnis helped advance the Jervois project during a period that saw significant COVID-related disruptions
- Directors Peter Hay and Denis Gately have advised they will not be seeking re-election at KGL’s upcoming annual general meeting (AGM) in May
- As such, the company has officially kicked off a search for a new CEO and non-executive directors and says it will update investors as the search progresses
- Shares in KGL are down 2.94 per cent and are trading at 33 cents at 10:48 am AEST.
Simon Finnis has resigned as Managing Director of KGL Resources (KGL), effective May 20.
Throughout his time as Managing Director, Mr Finnis helped advance the Jervois project during a period that saw significant COVID-related disruptions.
Further, Directors Peter Hay and Denis Gately said they will not be seeking re-election at KGL’s upcoming annual general meeting (AGM) in May.
Mr Hay has been on the board since November 2017 and KGL said he has made a significant contribution to the company’s operations.
Mr Gately joined the board in December 2021 and provided support and assistance to the functioning of the board.
KGL has officially kicked off the search for a new CEO and non-executive directors and said it would update investors as the search progresses.
In the interim, Denis Wood will assume the role of Executive Chairman, effective immediately, and Jeff Gerard will join as a company director on May 31.
KGL’s said its focus remained on the completion of a feasibility study at the Jervois project with a presentation on the status to be made at the AGM.
Shares in KGL were up 2.94 per cent and were trading at 35 cents at 11:46 am AEST.
