10/03/2015 - 13:14

Atlas director resigns

10/03/2015 - 13:14

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Atlas Iron non-executive director David Hannon has resigned from the company's board with immediate effect to focus on family matters, with the company yet to announce a replacement.

Atlas Iron non-executive director David Hannon has resigned from the company's board with immediate effect to focus on family matters, with the company yet to announce a replacement.

Mr Hannon, who joined Atlas as an inaugural director in 2004, has advised the board that he wishes to focus his efforts on his family matters following the recent passing of his father,” Atlas said in a statement.

Mr Hannon has over the last week resigned from all his public company board positions to concentrate on his personal affairs.”

Chairman David Flanagan said the company would appoint a replacement director in due course.

“David has been a loyal, dedicated and trusted servant of Atlas throughout his long tenure on the board,” he said.

In December, Atlas announced Geoff Simpson had resigned as a non-executive director, as part of the continued focus on cost cutting.

Mark Hancock also stepped down from the board, but remained an executive with the company as chief commercial officer.

In September, Kerry Sanderson stepped down as a director after being named WA's governor.

These changes reduced the board's size from nine members to six members.

Atlas was recently bumped from the S&P ASX 200 index last week, after posting a statutory loss of over $1 billion in the first half of the 2015 financial year.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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