Mount Gibson Iron Limited (ASX: MGX) announced that Peter Kerr has been appointed as the new CEO of the company, replacing the long serving CEO, Jim Beyer. Beyer would step down from the position after assuming the role for 30 years. He would step down from the position on 30 September 2018 after leading the company towards becoming one of the leading mid-tier iron ore producers in Australia.
The incoming CEO, Mr Kerr is the Chief Financial Officer in Mount Gibson at present and has played a vital role in driving the company towards success. Kerr holds 25 years of experience in the mining and finance space. He has held different executive management position with some of the most prominent and listed exploration and mining companies in Australia as well as Canada.
Before his tenure started in Mount Gibson, Kerr acted as CFO in ASX-listed Bannerman Resources. He played a significant role in Etango Uranium Project in Namibia. He also served as the managing director of Northern Gold NL, an ASX listed company. Apart from these two companies, Kerr also took up various senior executive riles with Teck Cominco Ltd and PacMin Mining Corporation Ltd.
MGX shares traded flat at market price of $0.490, as on 14 September 2018 (AEST: 2:18 p.m.)
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