WA mining services company Mineral Resources has appointed Lawrie Tremaine and Ross Carroll as independent non-executive directors, effective 7 July, in a move aimed at reinforcing governance and financial oversight.
Both executives bring deep experience in capital markets, strategy, and balance sheet management across the energy and mining sectors.
Tremaine, former CFO of Origin Energy and Woodside Energy, will chair the audit and risk and sustainability committees, and serve on the ethics and governance committee.
Carroll, who previously held CFO roles at MMG and Woodside and was CEO of Commerce Resources, will chair the ethics and governance committee and join the audit and technical committees.
MinRes Independent Non-Executive Chair Malcolm Bundey said: “I am extremely pleased to welcome Lawrie and Ross to the MinRes Board. They are both highly respected business leaders with proven track records in leadership, financial stewardship and strategic execution, and I'm confident that they will contribute significantly to our next chapter. Attracting people with such exceptional talent is testament to the strength and potential of MinRes and its people.
"Their appointments reflect my immediate priorities as Chair – to strengthen our Board composition, our corporate governance and place a comprehensive focus on the balance sheet. This is a major first step in our Board renewal process.
“I acknowledge that regaining trust takes time, sustained effort and delivery of performance outcomes, but I am confident our new directors will greatly assist the MinRes Board and executive in ensuring we deliver on our commitments.
“A strong, capable and independent Board is key to positioning MinRes for long-term value creation for all our shareholders.”
The board reshuffle follows the resignation of three female directors earlier this year and underscores the company’s renewed focus on long-term value creation.
At the time of writing, the share price for Mineral Resources (ASX: MIN) was $24.86, up 40 cents (1.64%) today. It has a market cap of around $4.89 billion.
