Troy Resources Limited announced the resignation of Fred Grimwade as Chairman and Director with immediate effect due to other work commitments. The company announced the appointment of Peter Stern as a Non-Executive Director and Interim Chairman with immediate effect. Stern is the principal of Metropolis Corporate Advisory Services. He has been providing corporate advisory services since 1987 where his focus is on general strategic advice, mergers and acquisitions, divestments, transaction structuring and business development. Prior to forming Metropolis in 2000, Stern held senior positions in corporate finance with Macquarie Bank, UBS and Deutsche Bank. He is a Non-Executive Director of Anglo Australian Resources NL.