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Xanadu shuffles board for Australia focus

Mongolia-focused explorer Xanadu Mines (ASX:XAM) has made a number of changes to its board to decrease the size and reflect the company’s renewed focus on the Australian market and the newly discovered Stockwork Hill high-grade gold-copper project.
Xanadu shuffles board for Australia focus Xanadu shuffles board for Australia focus Xanadu shuffles board for Australia focus Xanadu shuffles board for Australia focus Xanadu shuffles board for Australia focus

Independent non-executive chairman Kevin Tomlinson will step down from the Xanadu board at the end of April

Staff Reporter

The company's London-based independent non-executive chairman Kevin Tomlinson will step down from the board, with Melbourne-based independent non-executive director Darryl Clark taking over the executive chairman position.

"In light of this strategic focus on the Australian market and the desire to reduce the size of the board, I am handing the reins over to Darryl Clark… to redirect the efforts to the Southern Hemisphere," Tomlinson said.

After four years on the board, London-based non-executive director Marcus Engelbrecht will also not stand for re-election and Mongolia-based CEO and managing director Dr. Andrew Stewart will relocate to Australia.

All the changes will take place after the April 30 annual general meeting.