Join our daily newsletter At The Bell to receive exclusive market insights
- Yandal Resources’ (YRL) Managing Director and CEO Lorry Hughes resigns to pursue other interests as part of a managed succession
- Current Non-Executive Chairman Timothy Kennedy will transition into the MD and CEO role over the next few months while he works in a part-time capacity as Executive Chairman
- A geologist with over 30 years of experience in the resources industry, Mr Kennedy’s most recent executive role was as exploration manager for 11 years with Independence Group (IGO)
- The board has commenced a search for a new Non-Executive Chairman, saying it is confident it will attract a quality candidate to support Yandal’s strategic objective of making a significant gold discovery
- Shares in Yandal Resources were trading 17.7 per cent in the red at 28 cents at market close on February 17, 2022
Yandal Resources (YRL) Managing Director and CEO Lorry Hughes has resigned.
Mr Hughes is stepping down to pursue other interests as part of a managed succession.
Current Non-Executive Chairman Timothy Kennedy will transition into the MD and CEO role over the next few months while he works in a part-time capacity as Executive Chairman.
He will assume operational control on a full-time basis from April 4.
Mr Kennedy thanked Mr Hughes for his contributions and wished him well with his future endeavours, adding Mr Hughes has worked tirelessly to progress the company.
“The successful definition of new highly significant mineralisation at several prospects ensures the company has a solid platform to grow further in the near-term,” he said.
“I look forward to working full-time with the Yandal team to unlock the potential of the company’s highly prospective exploration ground.”
A geologist with over 30 years of experience in the resources industry, Mr Kennedy has had extensive involvement in the exploration, feasibility and development of gold, nickel, platinum group elements, base metals and uranium projects throughout Australia.
His most recent executive role was as exploration manager for 11 years with Independence Group (IGO).
The Yandal Board has commenced a search for a new Non-Executive Chairman.
The company says it is confident it will attract a quality candidate to support Yandal’s strategic objective of making a significant gold discovery.
Shares in Yandal Resources were trading 17.7 per cent in the red at 28 cents at market close on February 17, 2022.
