💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Fenix Resources makes key board appointments

Published 26/10/2023, 09:40 am
© Reuters.  Fenix Resources makes key board appointments

Fenix Resources Ltd (ASX:FEX) has made two key appointments to its executive leadership team — John Welborn has been appointed executive chairman and Craig Mitchell has been appointed as executive director.

Both Welborn and Mitchell’s appointments are effective as of yesterday and were announced alongside the company’s September quarterly report.

Here’s new Fenix chairman John Welborn speaking to Proactive:

The appointments of Welborn and Mitchell follows the expansion of Fenix’s business with the acquisition of Mount Gibson Iron (ASX:MGX) Ltd’s Mid-West iron ore assets and the acquisition of a 10 million tonne right to mine over Sinosteel Midwest’s BeebynW11 iron ore deposit.

John Welborn, executive chairman

Welborn was appointed non-executive chairman of Fenix on 16 November 2021 and has been acting as interim executive chairman since October 2022. Welborn is a highly regarded mining executive with a track record of leading growth strategies and generating positive returns for shareholders.

Craig Mitchell, executive director

Craig Mitchell has been appointed as executive director of Fenix.

Mitchell is the founder of Newhaul Pty Ltd and joined the board of Fenix as a non-executive director in September 2022 following the company’s acquisition of 100% ownership in Fenix-Newhaul Pty Ltd.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.