Business & Finance

Board Changes at Pasminco

June 4th, 2001

Pasminco Limited today announced the resignation from its Board of Mr Tony Daniels.

Mr Ross Herron has accepted an invitation to join the Board as a non-executive director and fills the casual vacancy created by Mr Daniels resignation.

Mr Herron is a senior partner of PricewaterhouseCoopers and the leader of its Mining and Energy practice. He has been the audit partner for a number of Australia’s leading resources companies and brings to the Board considerable expertise in the areas of financial and capital management and a close knowledge of the mining and metals industry.

Prior to the recent appointment of Mr Tony Barnes as Chief Financial Officer of Pasminco, Mr Herron acted in this role for four months in an interim part-time capacity under a consultancy agreement with PricewaterhouseCoopers, which also provides outsourced internal audit services to Pasminco.

The Chairman of Pasminco, Mr Mark Rayner, thanked Mr Daniels for his contribution to the Board since he became a Director in January 1996 and welcomed Mr Herron as a Director who brings outstanding expertise and industry experience to the Board.