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Rex Minerals (ASX:RXM) - CEO, Richard Laufmann (right) - The Market Herald
CEO, Richard Laufmann (right)
Source: Rex Minerals
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  • Rex Minerals (RXM) has reshuffled its board in a bid to drive the next phase of development
  • Effective immediately, Non-Executive Director Ian Smith will assume the role of Non-Executive Chairman
  • Prior to joining Rex, Ian worked at Orica (ORI), Newcrest (NCM) and Rio Tinto (RIO) in various roles
  • Current Chairman David Carland and Non-Executive Director and Chairman of the Audit Committee Alister Maitland will be retiring
  • As a result of Alister's retirement, Greg Robinson has been appointed as Chairman of the Audit Committee as well as a Non-Executive Director
  • Finally, Non-Executive Director Ron Douglas will assume the role of Chairman of the Remuneration Committee while Chief Financial Officer Amber Rivamonte will be appointed as Executive Director of Finance
  • Rex is down 2.56 per cent and shares are trading at 38 cents

Rex Minerals (RXM) has reshuffled its board in a bid to drive the next phase of development.

Effective immediately, Non-Executive Director Ian Smith will assume the role of Non-Executive Chairman.

Ian has been on the board of Rex since 2019 and prior to this he was CEO of Orica (ORI) and Newcrest (NCM).

Additionally, he was also Global Head of Operational and Technical Excellence at Rio Tinto (RIO).

Current Chairman David Carland and Non-Executive Director Alister Maitland will be retiring.

David has been Chairman of Rex for the past seven years and was involved in the company's 2014 restructure and acquisition of the Hog Ranch Gold Property in Nevada.

Alister has been a Non-Executive Director and Chairman of the Audit Committee for the past nine years.

"David Carland and Alister Maitland have corner-stoned the ongoing development and governance of the company. It has been a pleasure to work with them on a well-thought-through and planned board succession," Ian stated.

As a result of Alister retiring from the Chairman of the Audit Committee, Greg Robinson has been appointed this position as well as a Non-Executive Director.

Prior to joining Rex, Greg was CEO and Finance Director of Newcrest and Chief Finance, Chief Development Officer Energy and Chief Financial Officer (CFO) Petroleum at BHP Billiton.

Non-Executive Director Ron Douglas will assume the role of Chairman of the Remuneration Committee while current CFO Amber Rivamonte will be appointed as Executive Director of Finance.

Rex is down 2.56 per cent and shares are trading at 38 cents at 1:08 pm AEST.

RXM by the numbers
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