Discovery Metals Limited says Robert (Bob) Fulker has been confirmed as Chief Executive Officer of the company, with effect from 18 September 2014.
Fulker has been described as a highly experienced mining professional with more than 29 years’ experience in senior leadership positions across the industry. He has a broad foundation of experience in metalliferous, coal and ferrous commodities in both underground and open pit operations.
Business improvement and focused operational effectiveness has been the key to successful operational turnarounds in recent years. Previous roles include the Chief Operations Officer with DML and executive management roles with various mining houses, the most recent being with BHP Billiton in their Base Metals Division.
“I am delighted that Bob has been confirmed in his role as CEO. Bob has served as the interim CEO since 4 November 2013 and has led the company through many challenging corporate and operational periods,” stated Jeremy Read, Executive Chairman of DML.
“He has been instrumental in turning around the production at the Boseto Mine Operation, with record production achieved in April, July and August this year.”
Chairman Role
The company also announced that with the confirmation of Bob Fulker as CEO, Jeremy Read has stepped down as Executive Chairman to Non-Executive Chairman, effective from the same date. Jeremy took on the Executive Chairman role as a temporary position (ASX Announcement 26 June 2014) to assist the Company in its proposed equity recapitalisation. The Company thanks Jeremy for his tireless work and dedication in that role.
Non-Executive Director Appointment
As announced on 29 August 2014, Paul Frederiks resigned as Chief Financial Officer and Company Secretary of the Company. Paul will be appointed as a Non-Executive Director to the Discovery Metals Limited Board upon the finalisation of discussions with lenders regarding the Business Plan condition subsequent (refer ASX Announcement 18 September 2014). Paul continues to serve as an observer to the Board and provide valuable assistance to the Company.
DML Share Plan
The Board of Discovery Metals has resolved to wind up the Discovery Metals Limited Employee and Director Share Plan. As part of this process, the Company attaches an appendix 3Y for Non-Executive Directors Ribson Gabonowe and Jeremy Read respectively.
