Stirling Resources (ASX:SRE) has announced that Nigel Goodall will take the role of Executive Chairman of the company, effective 8 November 2010, after David Nabarro resigned as Chairman and a non-executive director.
The company said the appointment reflects an effort by Stirling to cut costs and the practicality of having a Perth, WA-based Chairman.
The company has also advised that Marty Adams has today resigned from the position of Managing Director due to his increasingly active role as the current Chief Executive Officer for Australian Zircon NL (ASX: AZC), and that will now be his sole focus.
Stirling will commence a search for a new Managing Director or Chief Executive Officer immediately.
In the interim Goodall will undertake the duties of the Chief Executive, with the support of Stirling’s Chief Financial Officer, Keith Vuleta.