Philipp Gallagher, the founder and Managing Director of Canyon Resources, has stepped down after 12 years of service. In accordance with previously announced plans, Phillip will remain on the board as a Non-Executive Director. However, with a mutual decision, he will step aside from the board immediately.
The ASX-listed company, Canyon didn’t unveil any further communication on Phillip Gallagher’s earlier-than-planned exit, but said that it's part of the “evolution of the company”.
As Managing Director, Gallagher served the company since its ASX listing in 2010. The company secured the Minim Martap bauxite project in Cameroon and recently completed a bankable feasibility study.
Cliff Lawrenson, the Chairman of Canyon Resources said, “On behalf of the board, I would like to acknowledge Phil’s significant effort and contribution to Canyon since the company’s founding.”
Jean-Sebastien Boutet, the CEO of Canyon Resources, will now be in charge of funding and development of the Minim Martap project.
The Chairman further added, “Jean-Sebastien has significant experience in the operation and marketing of West African bauxite projects and the board is confident that he is the right person to lead Canyon into the next phase of development at the Minim Martap project.”
Moreover, Gallagher is reportedly going to provide consulting services when needed to assist Jean-Sebastien and the company.
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