SER 0.00% 1.5¢ strategic energy resources limited

Ann: Final Director's Interest Notice, page-14

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    This is from an SER announcement on Feb 18.

    "Renegotiations have also extended to the Managing Director’s engagement. Mark Muzzin has supported the renegotiation of his engagement to better reflect the company’s position and planned activities for the 2014 year. Under the terms of his current agreement, the Managing Director has been provided with a six month notice period and at the same time has entered into a new CEO agreement, thereby also resigning as a Director, both to be effective at the completion of his contract in August 2014. As CEO, Mr Muzzin will receive remuneration of $125,000 per annum including superannuation. This new agreement contains essentially the same clauses as the previous agreement including a 6 months termination notice, however, it does have additional flexibility for him to engage in other roles."

    Presumably this is the announcement of his departure so no further one need yesterday.
 
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