Boadicea Resources Ltd (ASX:BOA) managing director Jonathan Reynolds has tendered his resignation following his decision to retire due to a number of unforeseen personal factors.
Reynolds’ resignation will become effective once a new executive appointment has been made.
The Boadicea board has already started a search for a new CEO / MD role together with a new chairman, following the announcement last month that current chairman Domenic De Marco will retire at this year’s AGM to be held in November.
Following the death of the previous MD, which occurred at the outset of Covid-19, Reynolds was an integral participant in the negotiations with IGO Limited (ASX:IGO), the reset of Boadicea as an active explorer, and guided the company through the very challenging Covid years.
Reynolds has added to existing projects and diversified the company into new exploration areas, in particular EV metals.
Read: Boadicea Resources identifies two high-priority lithium drill targets at Cat Camp
In announcing his retirement, Reynolds reflected on the seven years on the Boadicea board: “It’s been a privilege to serve on this board and be part of the transformation of the company.
“While our company’s exploration portfolio has grown, challenging times in the industry haven’t always reflected the quality of the work and efforts we are doing.
“I am proud of the company, the ‘team’, culture and assets we have built at Boadicea, and I look forward to monitoring the progress and success of the portfolio as they are advanced.”
The board of directors and the Boadicea team extended their appreciation to Jonathan for his invaluable contribution and leadership of the company.
As part of the succession plan, Jon will continue as managing director until a replacement is appointed to ensure a seamless transition into the role and continuity of future developments.