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Resolute Mining (ASX:RSG) - Outgoing CEO & Managing Director, John Welborn - The Market Herald
Outgoing CEO & Managing Director, John Welborn
Source: The Australian
  • Resolute Mining's (RSG) CEO and Managing Director John Welborn has stepped down after five years with the company
  • John is experienced in the mining, finance and investment banking sectors, with more than 20 years experience in national and international leadership roles
  • He joined the board of Resolute as Non-Executive Director in 2015 and became CEO and Managing Director in July the same year
  • The company's Chief Financial Officer (CFO) Stuart Gale has been appointed interim CEO while a search is underway
  • Stuart joined Resolute in January 2020, having previously worked with the likes of Fortescue Metals (FMG) and Wesfarmers (WES)
  • Resolute is down a slight 0.78 per cent on the back of this news, with shares currently trading for 95.3 cents each

Resolute Mining's (RSG) CEO and Managing Director John Welborn has stepped down after five years with the company.

John is experienced in the mining, finance and investment banking sectors, with more than 20 years experience in national and international leadership roles.

Since 2010, he has been the Managing Director and CEO of Equatorial Resources (EQX) and prior to that he was Head of Specialised Lending at Investec Bank.

Additionally, he joined the board of Resolute as Non-Executive Director in 2015 and became CEO and Managing Director in July of the same year.

The company's Chief Financial Officer (CFO) Stuart Gale has been appointed interim CEO while a search is underway.

Stuart joined Resolute in January 2020, having previously worked with the likes of Fortescue Metals (FMG) and Wesfarmers (WES).

"John has worked hard to reposition and transform the business over the past five years and the time is right to introduce a new CEO to take Resolute forward, to deliver improvement in operation outcomes and resilience, and to deliver the next phase of sustainable value for the company," Chairman Martin Botha said.

"Under his leadership, Resolute has been active corporately to build its mining profile and dual-list on the London Stock Exchange," he added.

Resolute is down a slight 0.78 per cent on the back of this news, with shares trading for 95.3 cents each at 1:11 pm AEDT.


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