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Aeris Resources strengthens board with appointment of experienced executive Colin Moorhead

This move follows the resignation of Standard Chartered Bank board nominee Marcus Derwin.

Aeris Resources Ltd -
Aeris’ board and management team bring decades of corporate and technical expertise in a lean corporate structure

Aeris Resources Ltd (ASX:AIS) has appointed experienced executive Colin Moorhead to the board as a non-executive director effective July 27.

Moorhead is a geologist by training and is known for strong leadership, strategy and execution.

His career has involved operational and corporate executive responsibilities including global responsibility for exploration and resource development at Newcrest Mining Limited (ASX:NCM) and CEO of PT Merdeka Copper Gold, where he built and led the team that constructed and commissioned the Tujuh Bukit Gold Mine.

He is also currently non-executive chairman of Xanadu Mines Ltd (ASX:XAM) (TSE:XAM).

"Navigating next phase"

Executive chairman Andre Labuschagne said: “We are delighted to welcome Colin onto our board and his significant technical skills and background, notably in geology, will be very valuable to us as we navigate our next phase of development and growth.

"Colin’s prior experience at Cracow makes his appointment a particularly good fit and we look forward to leveraging his experience with the newest asset to our portfolio.”

"Significant contribution"

The appointment follows the resignation of Marcus Derwin who has served on the board since 2016, initially as the Standard Chartered Bank nominee.

With Standard Chartered Bank no longer a stakeholder in Aeris, the Cracow acquisition completed and the company now on solid footing, Aeris felt it was an appropriate time for the composition and skill mix of the board to be refreshed.

Labuschagne said: “The board would like to express its sincere appreciation to Marcus for the significant contribution he has made to the company’s restructuring over the last few years and leaves with our best wishes.

Quick facts: Aeris Resources Ltd

Price: 0.085 AUD

ASX:AIS
Market: ASX
Market Cap: $161.25 m
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