PERTH (miningweekly.com) – A new chairperson, deputy chairperson, interim CEO and company secretary have been appointed to dual-listed Resource Generation (Resgen) following a successful board spill earlier this week.
Shareholders Noble Group, Altius Investment Holdings and the Public Investment Corporation on Thursday succeeded in their board spill, replacing the entire Resgen board with Noble nominees.
It was believed that the shareholders had had a falling out with the now defunct Resgen board over the funding of the Boikarabelo coal project, in South Africa.
A number of new directors were appointed to the Resgen board on Thursday, including Lulamile Xate, Dr Konji Sebati, Robert Croll, Leapeetswe Molotsane, Denis Gately and Colin Gilligan.
On Friday, Resgen announced that Robert Lowe had now been appointed as interim CEO while Gately had been appointed chairperson and Xate deputy chairperson.
Michael Meintjies had also been appointed as company secretary.
Lowe is the current CEO of Altius Investment Holdings and a director of Shinto Torii, which is also a significant shareholder in Resgen.
Lowe replaces Paul Jury who resigned from the role of CEO following the board spill, while Meintjies replaced Stephen Matthews, who resigned on Thursday.