Titan Minerals (ASX:TTM) (“Titan”, the “Company”) is pleased to advise that the following Board and Executive Management changes:

  • Mr Laurence Marsland steps down as a Director and Managing Director of the Company with immediate effect and by mutual agreement with the Board.
  • Mr Matthew Carr steps up into the role as acting Chief Executive Officer (CEO) of the Company, having already been an executive director of the Company.
  • Ms Tamara Brown is appointed as a Non-executive Director of the Company and will also provide additional Investor Relations services to the Company in North America.
  • Mr Mike Skead, currently the Executive Vice President of Exploration will step up into the position of Chief Operating Officer (COO) and Country Manager having full authority for the operations in Ecuador

Titan’s Chairman, Mr Peter Cook said:

“These are very positive changes for Titan as it moves forward with its exploration activities in Southern Ecuador and as the Company aligns its activities with its core business. We thank Laurie for his work and efforts in the restructure of Titans Ecuadorian business and the facilitation of processes enabling exploration works to re-start at the Company’s key projects.

These are exciting times for Titan and we pleased to see Matt Carr step up into the role as acting CEO where his experience and history on these projects can greatly assist the appropriate sizing and direction of activities on the group assets can enable rewards for our shareholders.

We are particularly pleased that Ms Tamara Brown who with significant North American capital markets and Ecuadorian experience has endorsed these projects and agreed to join the Board. In addition, her operational and technical experience and knowledge of Ecuadorian business and cultural practices will be of great assistance to our in-country team.

In addition, it is most pleasing that such an experienced and highly successful geologist in Mike Skead has also endorsed these projects and has moved to Ecuador to manage their progression as COO and Country Manager. When such a successful and renowned geologist makes such a move motivated by his passion for geology and a view that he can make yet another major discovery should be very comforting for our shareholders and future investors. Mike has already made big technical in-roads at our projects lifting our scientific approach and fiscal discipline in exploration expenditure. He is followed by Pablo Morelli as our newly appointed in-country Exploration Manager who is so strongly endorsed by Mike.”

These appointments form part of the Company's wider strategy to accelerate the focus of Titan in order to unlock value at Titan's projects for both the Company and shareholders.“

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This article includes content from Titan Minerals , licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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