Sihayo announces resignation of chairman, appoints new directors
Wednesday, November 13 2013 - 04:21 AM WIB
ASX-listed Sihayo Gold Limited announced Wednesday the resignation of Peter Bilbe as Chairman and Non-Executive Director effective from the close of the company's Annual General Meeting on 29th November 2013.
Bilbe has taken decision due to increased business commitments and personal reasons.
The company said that upon Bilbe's resignation becoming effective, Non-executive Director Misha Collins will assume the role of Chairman of the Board, whilst Stuart Gula (CEO) will join the board as Managing Director. In addition, Danny Nolan (CFO) will join the board as Executive Director whilst the company undertakes a search for a new director.
Sihayo is currently developing the Pungkut gold deposit in North Sumatra.
Editing by Reiner Simanjuntak