Sihayo CEO tenders resignation
Thursday, October 27 2016 - 06:58 AM WIB
ASX-listed Sihayo Gold Ltd announced Thursday Stuart Gula, CEO and Managing Director of the company has tendered resignation as he plans to relocate to Australia for family reasons, after four years being based in Jakarta.
Sihayo said in a statement the company?s board has reluctantly accepted resignation. But the company said Stuart will continue in his present position until February 2017.
During this time the board will consider the future management structure of the company.
Sihayo said the board has discussed with Gula an intention for him to stay on as a non-executive director after February 2017, to which he has agreed.
Sihayo Gold Limited is a mineral company that is exploring a Contract of Work, Generation VII located in North Sumatera.
Editing by Reiner Simanjuntak