KGL - Incoming CEO, Simon Finnis
Incoming CEO, Simon Finnis
Source: Finance News Network
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  • KGL Resources (KGL) appoints Simon Finnis as CEO, effective from July 5
  • Mr Finnis will lead the company’s Jervois Copper Project in the NT through development and into production
  • Executive Chairman Denis Wood says the incoming CEO’s experience strongly aligns with KGL’s requirements
  • The company has appointed Steve Mallyon as non-executive director
  • KGL Resources’ shares are down by 3.3 per cent to 59 cents each at 3:18 pm AEST

KGL Resources (KGL) has appointed Simon Finnis to the role of chief executive officer, effective from July 5.

The incoming CEO brings more than 30 years of global mining experience to the position and will lead KGL’s Jervois Copper Project in the Northern Territory.

Jervois is now in the final pre-development stages with KGL conducting a feasibility study and discussing the project’s financing.

Most recently, Mr Finnis was the managing director and CEO of fellow ASX player Metro Mining (MMI). He was previously the CEO of Grande Cote Operations in Senegal and the managing director of Cloncurry Metals — later renamed Global Resources.

KGL Executive Chairman Denis Wood said the new appointee’s extensive experience was particularly relevant to KGL at this time.

“We are fortunate to secure the services of Mr Finnis whose record of successful mine development and mine management aligns closely with the task ahead in bringing Jervois into production,” he said.

KGL appoints non-executive director

Meanwhile, KGL has appointed Steve Mallyon as a non-executive director.

The move reflects efforts by the company to refresh its talent pool and acquire knowledge relevant to its strategy.

To this end, Mr Mallyon has more than 35 years of experience in the mining and construction materials industry, previously establishing the Royal Bank of Canada’s investment banking operation in Sydney.

His extensive background in operational and corporate finance has seen the new director manage mining and development projects in Australia, Africa, South America and Asia.

Notably, Mr Mallyon’s former positions include director of N.M Rothschild Australia, managing director of RBC Capital Markets Australia and managing director of Riversdale Mining.

On Monday, KGL Resources shares were trading 3.3 per cent lower at 59 cents each at 3:18 pm AEST.

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