Fenix Resources managing director Rob Brierley has resigned after four years with the business amid what has been dubbed a “comprehensive leadership transition.”
Fenix Resources’ managing director Rob Brierley has resigned after four years with the business amid what has been dubbed a “comprehensive leadership transition.”
In a statement to the ASX, Fenix said the outgoing boss had recognised “appropriate timing” in a broader leadership transition process currently underway at the iron ore business.
"The company is progressing a comprehensive leadership transition process consistent with the expansion of the business," it said in a statement.
“The board of Fenix has unanimously recognised the opportunity and requirement to broaden the company’s leadership team and is actively recruiting for highly talented and experienced individuals to join one of Western Australia’s most exciting junior mining companies.
“Recognising the appropriate timing in the leadership transition process, Mr Rob Brierley has tendered his resignation from the position of managing director.”
Mr Brierley will stay in the role for up to three months to assist with the handover, with a search for his replacement, new executive hires and a chief financial officer already underway.
Fenix chair John Welborn, who took up the role in November last year, said Mr Brierley had been a key part of the company's transition from explorer to producer.
"Under Rob’s direction Fenix secured port facility at Geraldton, received all required approvals, and commenced production from Iron Ridge in December 2020 with first sales generated in February 2021," Mr Welborn said in a statement.
"On behalf of the Board and all shareholders of Fenix, I thank Rob for his service to the Company and wish him well in his future endeavours.”
The news comes a month after Fenix inked a deal to acquire Newhaul’s stake in a haulage and logistics joint venture established between the two companies, a deal Mr Welborn said had positioned the company for a period of "transformational growth."
Fenix shares closed the day down 3.45 per cent to trade at 28 cents.
