| 20150423 Appointment of Managing Director | |
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ASX and Media Release: 23 April 2015
ASX code: RXM
Appointment of Managing Director
The Board of Rex Minerals (Rex) is pleased to announce the appointment of Mr Richard Laufmann to the role of Managing Director and Chief Executive Officer, effective 23 April 2015. Dr David Carland will now step down as Executive Chairman and resume the role of Non-Executive Chairman.
Mr Laufmann is a founding Director of Rex and has been a Non-Executive Director since 2007. He brings to the Rex management team broad experience in the resources sector, both corporate and operational. Mr Laufmann's most recent engagement was for seven years as CEO of Indophil Resources (until recently an ASX listed company with a large copper-gold Joint Venture in the Philippines) and prior to that, five years as CEO of Ballarat Goldfields.
Dr Carland said: "We are making significant progress with the Extended Feasibility Study for the Hillside Project in South Australia. Richard brings to management the right mix of experience and skills to take the Company forward, beyond the completion of the study process and into the next phase of the Company's growth."
In commenting, Richard Laufmann acknowledged the role in executive leadership of David Carland over what has been a difficult but crucial reset period for Rex and as Managing Director, he now looks forward to engaging with Rex's stakeholders and shareholders.
Summary of material terms and conditions of Employment of Mr Laufmann.
Commencement: Thursday 23 April 2015
Term: Ongoing until terminated by Mr Laufmann or the Company by giving 2 months' notice.
Remuneration: Fixed annual salary of $250,000 excluding superannuation with no short term incentive plan. Proposed issue of unlisted options subject to shareholder approval, the proposed details of which will be advised following announcement of the Extended Feasibility Study results.
For more information about Rex and its projects, please visit our website 'www.rexminerals.com.au' or contact:
Richard Laufmann (Managing Director) Phone: +61 (0)8 8299 7100
E-mail: [email protected]
For media and investor relations enquiry, please contact Gavan Collery on phone +61 419 372210 or email at '[email protected]'
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Rex Minerals Ltd.
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CODE : RXM.AX |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Rex Minerals is a gold and copper exploration company based in Australia. Rex Minerals holds various exploration projects in Australia. Its main exploration property is ST ARNAULT EL 4669 in Australia. Rex Minerals is listed in Australia. Its market capitalisation is AU$ 102.5 millions as of today (US$ 68.7 millions, € 63.2 millions). Its stock quote reached its highest recent level on February 11, 2011 at AU$ 3.27, and its lowest recent point on March 27, 2020 at AU$ 0.03. Rex Minerals has 220 520 000 shares outstanding. |