Eight months after a Norton Gold Fields managing director Jon Parker and chief financial officer Simon Brodie resigned from the company the gold miner has announced their replacements.
Eight months after a Norton Gold Fields managing director Jon Parker and chief financial officer Simon Brodie resigned from the company the gold miner has announced their replacements.
Andre Labuschagne, who was appointed as chief financial officer and deputy chief executive on Mr Parker's resignation, will take up the position in September.
Rob Brainsbury joins the company as Chief Financial Officer.
Mr Brainsbury's appointment will allow Mr Labuschagne to replace Acting CEO, Mark
McCauley who took on the role in January on an interim basis.
Mr Parker resigned from Norton Gold Fields over a difference of opinion concerning the direction of the company in January.
Commenting on the appointments, Norton Chairman, Mark Wheatley said: "I have worked closely with Andre over the last few months and am extremely confident he will provide strong leadership to move the Company forward".
"Andre will comfortably make the transition to MD and will have great support from his new CFO," Mr Wheatley said.
See full company statement below:
Norton Goldfields (ASX: NGF) ("Norton" or the "Company"), is pleased to announce the appointment of Mr Andre Labuschagne as Managing Director and Mr Rob Brainsbury as Chief Financial Officer of the Company, both effective from 13 September 2010.
Mr Labuschagne has held various senior financial and operating roles with Norton over the past three years, and is currently CFO and Deputy CEO of the Company. He has more than 20 years experience in the resources industry and was previously employed in senior roles with both Durban Roodepoort Deeps and AngloGold Ashanti.
Mr Labuschagne said he was delighted to accept the appointment, and would focus on
the successful implementation of the Company's new operating strategy at its flagship
Paddington Operations.
"Now that the Lehman Hedge position has been resolved, my main focus areas will be
stringent safety and cost management, and shifting mining focus to our larger, long life
projects for greater operational efficiency," Mr Labuschagne said.
Commenting on the appointments, Norton Chairman, Mark Wheatley said: "I have worked closely with Andre over the last few months and am extremely confident he will provide strong leadership to move the Company forward".
"Andre will comfortably make the transition to MD and will have great support from his new CFO," Mr Wheatley said.
Mr Rob Brainsbury, an experienced financial executive will join the executive team as Chief Financial Officer. Mr Brainsbury has held senior operational and finance roles with several blue chip industrial and resources companies including MIM, Xstrata, Rio Tinto and Brambles.
Mr Brainsbury's appointment will allow Mr Labuschagne to replace Acting CEO, Mark
McCauley who took on the role of CEO in January this year on an interim basis after a
management restructure was undertaken by the Board. We acknowledge Mark's
contributions in steering the Company through this transitional period.
Mr McCauley will resume his role as a non executive director of Norton.
