Reliance Resources announces management changes
Wednesday, February 5 2014 - 12:48 AM WIB
TSX-listed Reliance Resources Limited announced Tuesday the following management changes as part of its ongoing restructure and reorganization of the business.
George S. Young, who was appointed as a Non-Executive Director of the company in October of 2013, has been appointed as President and CEO.
Nicholas Clark has stepped down as President and has been appointed as Vice President - Commercial, a role in which he will assist Young with primary responsibilities over financial, administrative, legal and investor relations functions.
With a Bachelor of Science in Metallurgical Engineering from the University of Utah, and a J.D. from the University of Utah College of Law, Young has over 35 years' experience in the mining industry, starting his career as a metallurgist at Kennecott Copper Corp. in Utah in 1975. He is a former Chair of the Utah Section of the Society of Mining Engineers and a member (inactive) of the State Bar Associations of Colorado, Utah, and Texas.
Since October, Young has worked closely with Clark to assist the company in its commercial negotiations as it assesses a number of growth opportunities in North America. Together they are working to strengthen the company's project portfolio and drive a growth strategy to deliver improved outcomes for shareholders. This strategy has included assessing options for the company's Indonesian assets as well as advantageous acquisition opportunities in North America.
The company has a portfolio of five mineral tenements covering 68,000 acres on the islands of Sulawesi and Halmahera in East Indonesia.
Editing by Reiner Simanjuntak