busting a gut for agm

"Busting a gut

It's not often a chief executive literally busts his gut while on the job.

But after toiling away for more than 75 hours a week for the last two years to help bring a Tasmanian nickel mine into production, Allegiance Mining chief executive Ian Levy worked himself right into the operating theatre.

"I'm only 55 but, for a while there, I felt like I was 65," the Sydney-based miner said. "I've got to get fit again. I think I pushed myself too hard."

Perhaps it's some consolation that all that hard work has paid off for Allegiance investors. The company's share price has risen from 14c at the time of his appointment in May 2005 to $1.08 on Friday.

Levy helped pick a successor who is about to sign on.

Meanwhile, he will stay on in a business development role with Allegiance until mid-2008. And he'll certainly be present at Allegiance's annual meeting in Sydney tomorrow.

"I'm still very loyal to Allegiance," he said."
This excerpt is from today's Sydney Morning Herald. Health and family reasons are good enough for me for a CEO to take a breather and if anyone deserves one this guy does !!!. First bought into AGM at 20c so am very happy with SP.