Feb 23 (Reuters) - Godolphin Resources Ltd GRL.AX :
* DECISION HAS BEEN MADE TO MAKE CURRENT CHIEF EXECUTIVE OFFICER'S POSITION REDUNDANT
* WILL DURING NEXT 4 TO 6 MONTHS APPOINT A MANAGING DIRECTOR BASED IN NEW SOUTH WALES
* DAVID GREENWOOD AGREED TO REMAIN AS CEO FOR NEXT 3 MONTHS