19/10/2015 - 11:54

Harris resigns as Toro chair

19/10/2015 - 11:54

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Former Gindalbie Metals boss Tim Netscher has joined the board of uranium miner Toro Energy as a non-executive director, replacing chair Fiona Harris, who is retiring for personal reasons.

Harris resigns as Toro chair
Fiona Harris has resigned from Toro for personal reasons.

Former Gindalbie Metals boss Tim Netscher has joined the board of uranium miner Toro Energy as a non-executive director, replacing chair Fiona Harris, who is retiring for personal reasons.

Ms Harris, who was only appointed to the role as chair in February, took extended leave in late September while John Cahill stepped in as acting chairman.

She was also a non-executive director of Toro.

Ms Harris is also on the board of Oil Search, BWP Trust and Perron Group as a non-executive director, and is non-executive chair of Barrington Consulting Group.

It is not yet known if she will resign from her other board positions.

Mr Netscher is an experienced mining executive and is also non-executive chairman of St Barbara and a non-executive director of Western Areas and Gold Road Resources.

He announced his resignation as non-executive chairman of Deep Yellow today.

Mr Netscher, who was also managing director of iron ore miner Gindalbie Metals between 2010 and 2013, will receive an annual salary of $95,000 per annum plus superannuation.

“Tim’s outstanding experience as a mining executive on large capital projects enhances the skill set needed to deliver Toro’s strategy to become the leading mid-tier Australian uranium company through the financing and construction of the Wiluna project,” Toro managing director Vanessa Guthrie said.

“At the same time, we recognise the difficult circumstances that have faced our retiring chair Fiona Harris recently, and appreciate her commitment to Toro during what has been a personally challenging time.”

 

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