Terramin Australia Limited Reports Production Results for the First Quarter of 2013 ; Announces Board Changes
Subsequent to the end of the period, The company announced the appointments of Mr. Feng Sheng and Mr. Kevin McGuinness as Non-Executive Directors of Terramin. Mr. Sheng is Chairman of Melbourne based Asipac Group and has owned and operated several businesses over the years, predominately focussed on property investment and development. Mr. Sheng is Chairman of Melbourne based Asipac Group and has owned and operated several businesses over the years, predominately focussed on property investment and development. Mr. McGuinness is a finance executive with more than 20 years of experience as a director and in executive management with ASX listed and private companies in the mining, medical equipment industries and not-for-profit organisations. Mr. McGuinness will chair the Company's Audit Committee. In addition, Terramin advises that Mr. Peter Zachert has tendered his resignation from the Terramin Board to focus on his current executive role. Mr. Zachert's resignation will be effective as of 30 April 2013. This activity follows the appointment of Mr. Angelo Siciliano to the Board, which was announced on 2 January of this year.