Golden West appoints Hine as CEO

Golden West Resources has appointed its second chief executive in less than two years, with senior Macmahon manager Mark Hine taking the role.

The iron ore outfit today said Mr Hine, previously executive general manager mining of Macmahon Contractors, will assume CEO responsibilities on January 20 for an initial term of three years.

Mr Hine will be paid an annual base salary of $350,000 and his package includes a short-term incentive payment of $100,000 each year, paid in shares, if key performance indicators are met.

Mr Hine will also be eligible for a long-term incentive of 2 million options.

Mr Hine takes over from former Rio Tinto executive David Rose, who left in March last year after eight months in the job due to changes in the global financial markets.