G-Resources unveils management changes
Thursday, May 28 2015 - 05:54 AM WIB
Hong Kong-listed G-Resources Group Limited unveiled last week a number of organizational changes following the resignation of CEO Peter Geoffrey Albert.
The company said in a statement that Albert, who has overseen the successful growth of G-Resources for some six years, will leave the company on June 30, 2015 and will be available as an advisor to the company till that date.
From June 30, 2015, Chiu Tao, who is the existing Chairman and an executive director of the company, will become acting CEO of the company until an appropriate CEO candidate is found.
Xiao Ma, who has been Deputy CEO to Albert and supporting a team tasked in developing the Martabe gold mine in North Sumatra, Indonesia, to this stage, will remain as Deputy CEO and will lead the new Martabe Management Committee.
Tim John Vincent Duffy, who is based in Jakarta and who has been the Executive General Manager working with Albert and Ma for the past 6 years, will be appointed as President Director and Managing Director of the Indonesian company, PT Agincourt Resources (PTAR) (the G-Resources 95% owned Indonesian subsidiary), and be responsible for the overall business in Indonesia.
Duffy joined G-Resources in 2009 when G-Resources was acquiring the Martabe Project. He has been assisting Albert and Ma on the management of the daily operation of the Martabe Mine for the past 6 years.
Linda H D Siahaan will remain Deputy President Director of PTAR and assume further responsibilities for Government and External Relations in Indonesia.
Ed Cooney will be appointed as the General Manager Operations and be responsible for the full Martabe operation. Cooney is a mining engineer with some 17 years industry experience, including technical, operational and management roles with Barrick Gold, Xstrata and BHP Billiton. Cooney has worked in Indonesia for five years and for the last two plus years as Deputy General Manager Operations at Martabe.
The Martabe Management Committee will be led by Ma as Chairman, and Duffy as Vice Chairman. This Committee will formally report to the already existing Executive Committee chaired by Chiu.
Editing by Reiner Simanjuntak