- Xantippe Resources (XTC) has made a string of board and management changes as Managing Director Richard Henning resigns
- John Featherby has been appointed as Executive Chairman, replacing Imants Kins, who will move into a non-executive director role
- Additionally, Carlos Arecco has been appointed as a non-executive director
- Mr Arecco is an Argentinian businessman who is the Director of the Argentine Chamber of Commerce and a board member of the Buenos Aires Argentina Stock Exchange
- Shares in Xantippe are trading grey at 0.8 cents at 1:14 pm AEDT
Xantippe Resources (XTC) has made a string of board and management changes as Managing Director Richard Henning resigns.
The company did not give a reason for Mr Henning’s departure.
John Featherby has been appointed as Executive Chairman, replacing Imants Kins, who will move into a non-executive director role. Mr Featherby will receive a salary of $216,000 plus superannuation.
The company said Mr Featherby had extensive experience in the stock broking and wealth management industry.
Additionally, Carlos Arecco has been appointed as a non-executive director.
Mr Arecco is an Argentinian businessman who is the Director of the Argentine Chamber of Commerce and a board member of the Buenos Aires Argentina Stock Exchange.
Furthermore, his company, Arecco Ingenieria, has operated in the fields of water, gas, industrial installations, airports, communications and the naval industry over its 43-year history.
In other news, the company entered services agreements with two Argentinian-based directors, Juan Santos and Carolina Arecco.
Mr Santos will be paid US$144,000 per year for his role as Executive Director for South America.
Meanwhile, Ms Arecco US$120,000 per year to provide consultancy services to the company.
Shares in Xantippe were trading grey at 0.8 cents at 1:14 pm AEDT.