TORONTO, Feb. 25, 2019 /CNW/ - RNC Minerals (TSX: RNX) (RNC) has implemented changes to its Board of Directors to enhance its performance and that of the company going forward. Effective immediately, Paul Andre Huet, who joined the RNC Board on November 18, 2018, will assume the role of Executive Chairman of the Company. As Executive Chairman, Mr. Huet will take an active role working with management to deliver on the strategy of the Company, including the implementation of our plans for the Beta Hunt Mine in Western Australia. Scott Hand, former Executive Chairman of the Board, will become Lead Director. Warwick Morley-Jepson, who has been an Observer to the Board, will now join the Board and assume the role of Chairman of the Technical Committee.
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Mr. Hand stated that "The Company will benefit from Paul's extensive experience in the gold industry. He will work closely with management to realize the great potential for the Beta Hunt mine and to enhance the value of the company overall." Mr. Huet stated: "With these changes to the Board, we are preparing the Company to be more focused on our more advanced Beta Hunt asset in Western Australia. I look forward to working closely with CEO Mark Selby and the RNC management team to support them in every way I can to realize the great potential for the Company for all our shareholders."
Paul Andre Huet has over 30 years of career experience in the mining industry and is an expert in narrow vein, high grade mining. Most recently Mr. Huet was President, CEO and Director of Klondex Mines from 2012 to 2018 until it was acquired by Hecla Mining Company.
Mr. Hand stated that: "Warwick, with his extensive experience in the gold industry, will continue to provide excellent expertise to the Company." Mr. Morley-Jepson has more than 35 years of experience in the gold mining industry. Prior to his retirement in 2016, he served as Executive Vice President and Chief Operating Officer of Kinross Gold Corporation.
Donald McInnes will retire from the Board to allow Warwick Morley-Jepson to move from his observer status to a full director. Frank Marzoli, who was a founder of RNC, intends to retire from the Board once the Company has identified a person to succeed him as a director. Mr. Marzoli stated: "I believe that the changes being made with Paul assuming the role of Executive Chairman put the Company in an excellent position to succeed at Beta Hunt and Dumont for the benefit of our shareholders." Mr. Hand stated: "We most appreciate the service of Frank and Donald. They have been fine directors and we wish them well for the future."
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