Gillian Swaby

The multi-million dollar fortunes of Paladin Energy Ltd chairman Rick Crabb and company secretary Gillian Swaby are at risk after the company disclosed that about half their shares are subject to margin loans with failed lender Lift Capital.

UNDERSTANDING the growing complexity of remuneration packages is a challenging exercise for investors seeking to determine the value, or otherwise, offered by a company’s management team.

Paladin Energy has announced more cuts to its board and head office staffing, with long-serving executive Gillian Swaby following managing director John Borshoff out of the business as it works to stay afloat in the weak uranium market.

The median salary paid to chief executives at Australian mining companies fell by 12 per cent over the past two years, and is set to decline further after recent cost-cutting moves by the likes of BC Iron, Sundance Resources, Paladin Energy and Poseidon Nickel.

Chinese guarantee services company Ding Sheng Xin Finance has advised that WenFeng Tang will retire as executive director and chief operating officer. Winton Willesee will no longer be joint company secretary but remains on the board as chair.

Birimian has announced the resignations of Greg Walker as chief executive and executive director, James McKay as chair, and Gillian Swaby as executive director. Mark Pitts has also resigned as company secretary, effective November 20.

XiaoHua Liu has resigned as non-executive director of Northern Minerals.

Our board moves wrap includes Michael McCormack, Don Lindsay, Ian Cockerill, Jeremy King, Mark Hohnen, Robert Black, Gavin Ryan, William Foster, Geoff Newman, Matt Freedman, Mark Connelly, Suzie Foreman, Jon McLoughlin, Nicole Duncan, Peter Sullivan, Rebecca Hayward, Gillian Swaby, Nick Cernotta, Susan Park, Mark Bolton, and Robert Klug.