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Acadian Mining announces change in board of directors and management |
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Written by Newswire
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HALIFAX, NS — Acadian Mining Corporation announced, effective February 19, 2010, the resignation of its President and Chief Executive Officer, Mr. Will Felderhof. Felderhof has advised the board of Acadian that he plans to focus on other business and private interests. Mr. Felderhof has agreed to provide consulting services to the Corporation over the next 12 months.
Mr. Terry Coughlan, Vice President Investor Relations of the Corporation, also resigned as of February 19, 2010 to pursue other business interests. Late in 2009, Coughlan resigned as a director of the Corporation.
Dr. Allan Trench has been appointed as Chairman of the Corporation. Trench is a geologist/geophysicist and business management consultant with approximately 20 years' experience within the Australian resources sector across a number of commodity groups. He currently holds the title of Adjunct Professor at the Western Australia School of Mines, Curtin University.
Mr. Peter Lee will act as interim President and Chief Executive Officer of the Corporation whilst a replacement for Mr. Felderhof is sourced. Mr. Lee is the Chief Financial Officer and Secretary of Legend International Holdings, Inc. ("Legend") and has over 30 years of experience in mining and exploration companies both in Australia and overseas. Prior to joining Legend, he spent six years with an international firm of chartered accountants in Melbourne and Papua New Guinea. Mr. Lee is a member of the Institute of Company Directors in Australia, a member of the Institute of Chartered Accountants in Australia and a fellow of Chartered Secretaries Australia.
The board of directors of Acadian will now comprise Dr. Allan Trench, Independent Chairman, Mr. Peter Lee, Acting President and Chief Executive Officer, Mr. Glenn Williams and Mr. Jascha Boge, Independent Directors and Mr. Menachem Vorchheimer, a Non-Independent Director.
The Acadian board intends to commence the search for a new Chief Executive Officer immediately.
www.acadianmining.com
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