Toro Energy Appoints Mr Tim Netscher as New Chairman

Toro Energy Limited (ASX:TOE) announced the appointment of Mr Tim Netscher as a Non-Executive Director and Chairman Elect of the Board of Directors effective 1 November 2015.
As quoted in the press release:

Mr Netscher replaces Fiona Harris who has elected to retire, effective immediately, from the Board as a Non-Executive Director for personal reasons. Mr Netscher is a highly respected professional director with substantial experience in the mineral resources sector. He is currently Non-Executive Chairman of St Barbara Limited, and a Non-Executive Director of Western Areas Limited, Gold Road Resources Limited and the unlisted Aquila Resources Limited. Between 2010 and 2013, Mr Netscher was Managing Director and CEO of Gindalbie Metals Limited. Mr Netscher is also currently the Non-Executive Chairman of Deep Yellow Limited, a Namibian-focused uranium company, a position from which he intends resigning. A chemical engineer by background, he has a distinguished career as an international mining executive with extensive handson operational and project development experience and expertise in senior executive management roles.

Toro Energy Managing Director Dr Vanessa Guthrie stated:

The Board is delighted to welcome Tim Netscher to Toro, Tim’s outstanding experience as a mining executive on large capital projects enhances the skill set needed to deliver Toro’s strategy to become the leading mid-tier Australian uranium company through the financing and construction of the Wiluna Project. At the same time, we recognise the difficult circumstances that have faced our retiring Chairman, Fiona Harris recently, and appreciate her commitment to Toro during what has been a personally challenging time, we wish Fiona all the best in the coming months.

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