Indo Mines appoints new CEO, director
Tuesday, February 25 2014 - 02:38 AM WIB
ASX-listed Indo Mines Limited announced Tuesday that Arran Marshall has been appointed to the role of Chief Executive Officer based in Jakarta, Indonesia. Marshall?s employment commences with immediate effect.
The announcement comes following the effective resignation of Martin Hacon as CEO and Managing Director on January 31.
Indo Mines said in a statement that Marshall has most recently held the role of Country Head for AWR Lloyd in Indonesia. AWR Lloyd is a specialist mining and energy advisor in South East Asia. He holds an MBA from the Auckland University of Technology and his core competencies are in the areas of business development, project management/development, financial analysis, strategy, investor relations and capital markets.
Indo Mines also announced that Stacey Apostolou will be joining the company?s board with effect from 25 February 2014. Apostolou has been with the company since October 2011 and has held the roles of Chief Financial Officer and Company Secretary.
Indo Mines is working towards the development of its 70 percent owned Yogjakarta iron project where it plans to implement the pig iron project through the phased construction of a 500,000t concentrate plant leading in to pig iron production.
Editing by Reiner Simanjuntak