Board renewal complete

ST BARBARA’S board renewal process is now complete with the appointment of Tim Netscher as the company’s non-executive chairman.
Board renewal complete Board renewal complete Board renewal complete Board renewal complete Board renewal complete

The news comes off the back of the retirement of non-executive chairman Colin Wise, and non-executive director and chairman of the audit and risk committee Doug Bailey. Both will step down on June 30.

Kerry Gleeson will step into Netscher's previous role of Remuneration Committee chairperson, once Netscher takes the reigns on July 1, with Bailey being replaced by David Moroney as chairperson of the Audit and Risk Committee.

The company said it will maintain a board comprising of four members which includes the managing director and CEO.

Netscher said he looked forward to working with fellow directors and increase shareholder value.

"I am honoured to be appointed as chairman and look forward to working with my fellow non-executive directors and the managing director and CEO, Bob Vassie, and his team to build further value for shareholders," he said.

As the renewal process has concluded, Wise said he believed it was time for him to retire, saying: "St Barbara's principal asset at Gwalia is a long term and profitable mine and, together with significantly improved performance from Simberi, the company can look forward to many future opportunities."

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