Regis Resources has announced a significant board restructure under which Nick Giorgetta will step down as chair and a new executive director will be appointed.
The restructure will occur after the annual general meeting in two weeks’ time, which will be Mr Giorgetta's final function as chair.
Following the November 12 meeting, managing director Mark Clark will move into the role of executive chair, while chief operating officer Paul Thomas will be appointed an executive director of the company.
Existing director Mark Okeby has been appointed deputy chair and the lead independent director.
Mr Giorgetta has served as chair of Regis since 2009 after a long and successful career in the gold industry.
He was managing director of Samantha Gold from 1988 to 1994, and a founding director of Equigold.
Lihir was subsequently acquired by Newcrest Mining in 2010.
Mr Thomas also has past experience with Equigold, having served in general manager roles at the company from 1996 to 2005.