Red 5 chair resigns

ASX-listed goldminer Red 5 has announced chair and director Kevin Dundo will resign after 13 years with the company.

Non-executive director Andrea Sutton has been appointed as interim chair until a replacement for Mr Dundo is found.

Mr Dundo had been a non-executive director at the exploration company since March 2010 and led the board as chair from November 2013.

Prior to Red 5 Mr Dundo worked as the managing director at KD Legal for about six years and prior to this role worked as a partner at HopgoodGanim Lawyers.

Red 5 non-executive director Andrea Sutton has worked at the exploration company since 2020 and was appointed as interim chair.

Ms Sutton is a chemical engineer with more than 25 years’ experience and has held leadership roles at Rio Tinto and Energy Resources of Australia (ERA).

She was chief executive and managing director at ERA between 2013 and 2017, and is currently a board member for the Australian Nuclear Science and Technology Organisation and a non-executive director at Iluka Resources and DDH1 Drilling.

Ms Sutton said Mr Dundo made valuable contribution to Red 5 over his time at the company.

“Kevin has provided strong leadership over a significant period, including what has been a time of great change and achievement for Red 5 since the acquisition of the Darlot and King of the Hills assets in 2017,” she said.

“This allowed the company to successfully pivot from being a Philippines gold miner to being a wholly Western Australia-focused gold producer with ownership of significant gold assets in Australia and a strong growth platform for the future in the Leonora region.

“We are looking forward to updating the market in due course on our board succession process, which is designed to ensure that Red 5 has the appropriate blend of skills and experience to oversee this next chapter.”