Ivanhoe Australia Announces Board Changes
28.05.2013 | Marketwire
THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICESMELBOURNE, AUSTRALIA -- (Marketwired - May 28, 2013) - Ivanhoe Australia Limited (TSX:IVA) (ASX:IVA) today announces an intention to reduce its Board from eight members to six, with two of the non-executive directors, Ian Plimer and Neville Henwood to resign in early August.
Professor Plimer and Mr Henwood were appointed directors of Ivanhoe Australia in 2007 and 2012, respectively. Professor Plimer was an independent, non-executive director and Mr Henwood a non-executive director nominee of Turquoise Hill Resources, Ivanhoe Australia's majority shareholder.
Ivanhoe Australia Chairman, Mr Peter McMahon, commented, "Ian and Neville are stepping down following a decision to rationalise and reduce the size of the Board to reflect the current circumstances and needs of the company. On behalf of the entire Board, I would like to thank both Ian and Neville for their contribution to Ivanhoe Australia. Particularly Ian, as he has been a Director since before Ivanhoe Australia listed on ASX, over-seeing the growth of the Company for the past five years."
This information is available on our website: www.ivanhoeaustralia.com
Contact
Ivanhoe Australia Limited
Stephen Nossal, Senior VP Corporate Development
+61 3 9090 8800
stephenn@ivancorp.net
www.ivanhoeaustralia.com
Hinton and Associates
Nerida Mossop, Media Contact
61 3 9600 1979 or 0437 361 433