Sandfire Resources (ASX:SFR) appoints new chairman

Company News

by Lauren Evans

Sandfire Resources (ASX:SFR) has appointed independent non-executive director John Richards as non-executive chair, effective from today.

Mr Richards is taking over Derek La Ferla, who has served as the non-executive chairman of Sandfire since May 2010. Mr La Ferla announced his intention to retire from the board at the company’s 2021 annual general meeting and will remain as a non-executive director during 2022 as the board continues their succession program.

Mr Richards was appointed as an independent non-executive director of Sandfire in January last year. He is also a non-executive director of Northern Star Resources and Sheffield Resources.

‘It is an honour to succeed Derek as Sandfire’s chair. Under Karl’s leadership and Derek’s guidance, Sandfire is emerging as a globally significant producer of future-facing metals,” said Mr Richards.

Shares in Sandfire Resources (ASX:SFR) are trading 0.9 per cent lower at $5.70. 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.