Australia-based mineral exploration company Kangaroo Resources has announced the resignation of Mr Ian Ogilive from the position of Managing Director, effective immediately.
According to the company, the vacant position will be filled by Mr Russell Neil, a certified practicing accountant and certified financial analyst with over 23 years of corporate experience in accounting, finance and management roles within the mining industries of Australia and Indonesia.
“The Board expresses its thanks to Mr Ogilive for his tireless efforts since his appointment as Managing Director in May 2013,” the company told the Australian Securities Exchange on Thursday.
“PT Bayan Resources Tbk, the Company’s largest shareholder and parent entity, has offered to second Mr Russell Neil (currently a Non-executive Director of Kangaroo) who is an executive with Bayan to the Company to provide executive services. The Kangaroo Board has accepted this offer and has resolved to appoint Mr Neil as Chief Executive Officer and Managing Director, effective immediately.”
Mr Neil, who will continue to work part-time with Bayan, previously worked for WMC Ltd, Ettin Ltd and Tiwest Joint Venture in Australia and consulted to a number of Indonesian mining companies.