Looks like we now have a voice on the NAE board -
"New Age Exploration Limited [ASX:NAE] (the Company) wishes to advise that the Company has agreed on the termination of Mr Gary Fietz’s Executive Service Agreement (ESA) and his consequential resignation as Managing Director.
Mr Fietz, who has been a Director of the Company since May 2010, will receive a payment equal to six months’ remuneration pursuant to the terms of the ESA along with accrued statutory entitlements. In addition, the Company has agreed to resolve any entitlement to the previously disclosed cash bonus recorded in the ESA through a one-off cash payment of $75,000 to Mr Fietz (refer 2018 Annual Report page 30 for further details). The Company would like to thank Mr Fietz for his service over the past 8 years, and notes that Mr Fietz has agreed to continue to be available to the Company as a consultant for a period of 3 months to ensure an orderly transition to new management.
The Company has also received the resignation of Mr Michael Amundsen.
To fill the vacancies left by the above resignations, the Company has appointed Mr Neil Hutchison, Mr Stephen Layton and Mr Joshua Wellisch as non-executive Directors."
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Price($) | Vol. | No. |
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