Red 5 has announced the retirement of two long-serving non-executive directors, continuing its ongoing board renewal process.
Colin Loosemore and Steve Tombs will not seek re-election at the company’s annual general meeting (AGM) scheduled for November 6.
Loosemore has been a non-executive director at the company since 2014, and Tombs first joined the gold mining company as a senior executive in 2016, before becoming a non-executive director in 2018.
“On behalf of my fellow directors, I would like to express my sincere appreciation to both Colin and Steve, who have been stalwarts of the Red 5 board for a significant time,” Red 5 chair Russell Clark said.
“Colin and Steve’s decision to retire at the upcoming AGM is consistent with the ongoing board renewal process, which saw myself and Peter Johnston recently join the Red 5 board. In the immediate future, Red 5 will move forward with a board comprising (of) five directors, better suited to the size and asset base of the company at this time.”
Red 5 managing director Mark Williams reacted to the news.
“Having worked closely with Colin and Steve over many years, I would like to express my gratitude to both of them for their guidance and support over an incredible period of change and transformation for Red 5,” Williams said.
“Both Colin and Steve have worked tirelessly on behalf of the company, helping us navigate critical periods… I wish them both well for the future.”
Other recent appointments as part of the company’s ongoing board renewal include:
