Ten Sixty Four’s ex-administrator appointed CEO

West Perth-based goldminer Ten Sixty Four’s former administrator Simon Theobald has taken on the surprising role as chief executive two weeks after resigning from the restructuring role. 

The ASX-listed miner told the market that Mr Theobald, who resigned as deed administrator just two weeks ago, had been appointed chief executive of the company that’s still under administration.  

The role comes with a base fee of $425,00 per annum, alongside a series of incentives.

In July, Ten Sixty Four's newly appointed board at the time brought in Pwc administrators' Martin Ford and Mr Theobald just weeks after taking ownership, citing a strong desire to restructure the group.

A deed of company arrangement was reached in October, which is still being finalised by PwC. 

“Simon’s significant experience in the restricting and resources sector is highly valuable to driving X64 forward,” Ten Sixty Four chair Debra Bakker said in a statement this afternoon.

“We are excited to have Simon join the company as we work to effectuate the deed of company arrangement, bring the company out of deed administration, and pursue the re-quotation of the company’s shares on the ASX.”

Ten Sixty Four's former managing director Jeff McGlinn, and non-executive directors Simon Mottram, Andrew Hunt and chair Kate George announced their resignation on June 19.

The miner has been wrapped up in issues surrounding the ownership of its Co-O mine in Mindanao.