Noble Helium Limited (ASX:NHE) Announces Board and Executive Changes
Board and Executive Changes
Noble Helium Limited (ASX:NHE) announced the resignation of Chairman Prof. Andrew Garnett, Managing Director Mr Shaun Scott, Non-Executive Director Mr Greg Columbus, and Non-Executive Director Ariel (Eddie) King, effective immediately. In response, the company has appointed Dennis Donald, Walter Jennings, and Owain Franks as new directors, with Mr Franks also taking on the role of Chief Financial Officer pending further appointments. Major shareholder Mr Justyn Wood will remain as an Executive Director, overseeing the Exploration and New Ventures portfolio.
Future Direction
The major shareholders plan to implement strategies to improve the company’s position, including securing future funding, following an in-depth review of the current situation.
Executive Comments
Mr Shaun Scott stated, “Despite the exploration results to date not being what we had hoped, the outgoing directors are still very positive about the potential of the Company’s exploration acreage in Tanzania and wish the incoming team success in crystalising this high value opportunity.” Mr Justyn Wood added, “On behalf of the Company, I wish to acknowledge the contributions that each of the departing directors has made toward unlocking the value of our globally unique helium projects. The incoming directors bring a wealth of useful knowledge and experience, and we are all committed to reinvigorate the Company as we move toward the next important phase in our project. As one of the two founders of this business, I continue to believe in it as strongly as ever. I am excited to be working with the new directors to define and deliver a robust way forward for the Company and its stakeholders.”
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