Following the loss of its entire board to a plane crash in the Republic of Congo earlier this June, Africa-focused mining firm Sundance Resources Ltd (ASX: SDL) named current Sinosteel Midwest Corporation Ltd chief operating officer Giulio Casello as the company's new managing director and chief executive.
The move is part of Sundance's senior management rebuilding after the tragic accident that crippled the company's operations as it announced on Friday that Mr Casello would be taking up his new role as head of the iron ore miner on November 8.
The company also said that current acting chief executive Peter Canterbury would revert back to his previous role as Sundance chief financial officer while investment banker Adam Rankine-Wilson would be resigning from his post a director in the company board.
Mr Rankine-Wilson's resignation would be effective starting October 14 as Sundance chair George Jones thanked the outgoing executive for his vital role in supporting and advising for the company, stressing that the director's experience and fortitude came very handy during the company's most trying moments.
Prior to his formal departure from Sundance, Mr Rankine-Wilson said that that company has fully recovered from its management issues brought about by the untimely demise if its most senior executives.
He said that Sundance is now well-positioned to forge ahead on its planned development of the Mbalam iron ore exploration site located in the Republic of Cameroon.
Mr Rankine-Wilson pointed out that he was very happy to be a part of the company and "I was glad to lend a hand during that difficult time, but the board has now been rebuilt and the company is once again able to pursue its goal of becoming a world-class iron ore producer."
Sundance said that it is all set to embark on the completion of its foundation off-take, funding and joint venture deals that the company said would support the full-scale development of its Mbalam project.
G'day
berlinerbaer
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