Nexus Minerals - Appointment of Managing Director
Nexus Minerals (ASX:NXM) has promoted CEO Andy Tudor to the position of Managing Director. Mr Tudor joined the company in early 2014 and has driven the Company's gold strategy, including the JV and subsequent exploration of the hogh grade Pinnacles Project in the Eastern Goldfields.
Eastern Goldfields gold explorer, Nexus Minerals Limited (ASX: NXM) (Nexus or the Company) is pleased to announce the appointment of Mr Andy Tudor as Managing Director. Mr Tudor has been the Company’s CEO since July 2014 having joined Nexus as General Manager in February 2014. Andy has worked successfully in that time to assess a large number of prospective projects resulting in joint venture arrangements over the Pinnacles JV, Pinnacles Regional and Triumph projects as well as rationalisation of the Company’s existing exploration portfolio.
Andy’s experience has been gained over nearly 30 years as a geologist in the mining industry – and encompassed roles from Managing Director/CEO of ASX listed companies to General Manager, Country Manager and Exploration Manager roles, as well as Exploration and Mine Geology functions. In addition to his extensive management experience, Andy has also held the position of General Manager & Principal Consultant of a global mineral consulting firm where his role concentrated on project assessment, due diligence and evaluation studies, in conjunction with geological and resource assessments. Andy’s career commenced exploring and mining gold in Western Australia and progressed to the varying gold and base metal environments of the Australasian/Pacific region. He also has broad commodity experience and a proven track record in the management of large scale exploration and mining operations in some of the worlds’ most challenging environments. Mr Tudor’s base remuneration and general terms of employment remain unchanged from that previously disclosed.
Mr Tudor’s service agreement also includes the ability to earn short term incentive bonuses based on meeting key performance indicators set by the Board and achieving commercial and corporate goals as well as existing incentive options issued to Mr Tudor when in his role as CEO.
Resignation of a Director
With the appointment of Mr Tudor as Managing Director, Mr Phillip MacLeod has resigned from the position of non-executive Director. Mr MacLeod remains in the role of Company Secretary for the Company.