Join our daily newsletter At The Bell to receive exclusive market insights
- Resolute Mining (RSG) has appointed Stuart Gale as the company’s managing director and CEO and Terry Holohan as its chief operating officer (COO)
- Stuart first joined RSG back in January last year as chief financial officer and later took up post as interim CEO in October
- Meanwhile, Terry hails from PT Archi Indonesia, where he previously developed and expanded a multi open-pit gold mine
- Former COO David Kelly will remain as a member of the executive team
- The CEO appointment is effective immediately, while Terry will come on board from May 17
- Resolute Mining shares last traded at 58.5 cents on May 13
Resolute Mining (RSG) has appointed Stuart Gale as the company’s managing director and CEO and Terry Holohan as its chief operating officer (COO).
Stuart first joined RSG back in January last year in the role of chief financial officer (CFO) and later took up post as interim CEO in October.
Since then, he has overseen several key initiatives at the company, including a comprehensive review of operations and the Syama life of mine update — all while retaining responsibility for the financial function.
The incoming CEO commented on his appointment.
“It’s an honour to be appointed to lead Resolute and I look forward to working with the board and all of our employees to take the company forward,” Stuart said.
“Delivery on our targets while strengthening the balance sheet is key and this will position us to grow shareholder value.”
While Stuart will start in the role immediately, Terry Holohan will come on board on May 17.
The new COO hails from PT Archi Indonesia, where he previously developed and expanded a multi open-pit gold mine from exploration status to an operational mine.
With 30 years’ experience working in Africa, followed by 10 years in Asia, Terry brings a wealth of international mining experience to RSG.
“It’s great to have someone of Terry’s calibre join Resolute,” CEO Stuart Gale said.
“Terry has demonstrated his experience and innovation through successfully developing and operating several particularly complicated mining and processing projects and we are looking forward to capitalising on this at Resolute.”
Former COO David Kelly will remain with the company as a member of the executive team.
Meanwhile, RSG is set to commence a search process to fill the CFO role previously held by Stuart.
Resolute Mining shares last traded at 58.5 cents on May 13.
