Paladin undergoes board restructure

Uranium miner Paladin Energy has appointed experienced mining directors Peter Watson and Peter Main to the board, while three non-executive directors have stepped down from their roles.

The announcement comes after the resignation of former Paladin chairman Rick Crabb in October, with Primero Group director Cliff Lawrenson assuming the position.

Paladin said the recent decision to restructure the board was made following discussions with, and feedback received from, shareholders.

Mr Watson, who has been appointed as a non-executive director of the company, is a chemical engineer and former managing director of Perth-based engineering firm Sedgman, having served in the role for six years.

He is currently an executive director at Strandline Resources (formerly the principal adviser) and a non-executive director at Melbourne-based New Century Resources.

Mr Main, who has also been appointed as a non-executive director of Paladin, is the present managing director of NSW company Conan Minerals Group.

He was president and chief executive of Vancouver-based Rizal Resources for five years and the managing director of Royal Bank of Canada’s Capital Markets from 2002 to 2013.

Mr Main was also a research analyst at Hartleys for more than six years.

Meanwhile, Daniel Harris, David Riekie and John Hodder have stepped down as non-executive directors of Paladin, having served in the roles after its voluntary administration and subsequent re-listing on the ASX in February last year.

Paladin's shares were down 2.2 per cent to trade at 8.8 cents per share, as at 2:30pm AEDT.