Welborn appointed as Resolute CEO

Former Wallaby player and experienced minerals executive John Welborn will take the helm of Perth-based gold company Resolute Mining when outgoing CEO Peter Sullivan steps down in late June.

Mr Welborn, who joined Resolute’s board as a non-executive director in February, will step down as chief executive of Equatorial Resources after five years in the position.

He will stay on the board as a director.

He was also recently appointed as chairman of technology developer and investor Orbital Corporation.

Prior to his role at Equatorial, Mr Welborn was Investec Bank’s head of specialised lending in Western Australia.

He is a fellow of the Institute of Chartered Accountants in Australia, a fellow of the Australian Institute of Management WA, a member of the Australian Institute of Mining and Metallurgy, and was recently named by MiningMx as one of the 100 most influential people in Africa’s mining industry.

Mr Welborn is also a former Australian rugby union player, and was the first WA player to represent Australia in the national team, the Wallabies.

“I’m excited to take on the role of CEO of Resolute to advance its operations in West Africa and Australia and lead the company in its next chapter of growth,” Mr Welborn said.

Mr Sullivan, who will remain on Resolute’s board a as a director, said the company was well positioned for a change at the helm.

“We have significant development opportunities to progress, a very strong underlying reserve and resource base supporting future production and a first class management team ensuring the company’s long-term success,” Mr Sullivan said.

Mr Welborn will begin his new role on July 1 with a fixed remuneration of $505,000 per annum.

Resolute shares rose 2.7 per cent to 38 cents a share at 9:30am.