Royal Helium Ltd (TSX-V:RHC, OTCQB:RHCCF) has announced a change at the top of its management team with David Young taking over as chief executive officer.
Young replaces Andrew Davidson who has resigned with immediate effect, for personal reasons.
"I want to thank and extend gratitude to Andrew for his years of service, as well as the dedication and perseverance he has shown in advancing Royal to the stage it is at,” non-executive chair John Pringle said in a statement.
“On behalf of all shareholders and our board, we extend him best wishes in his future endeavours, as we continue to focus on increasing production from the Steveville facility and building a world-leading helium company."
Young brings to the role over two decades of experience as an investor and operator, including significant roles in middle-market and billion-dollar resource companies, the company highlighted.
Young, meanwhile, commented that he was excited by the role and the opportunity to ‘contribute toward the strategic realignment of the company's financial trajectory’.
He commented: “Together, we will assemble and synchronize a top-tier operational team, dedicated to optimizing and fully actualizing Royal's substantial helium purification infrastructure, ensuring its maximum potential is reached."
Alongside Davidson's departure, Royal Helium also noted the resignations of John Styles, VP Engineering, and Spiro Kletas, VP Investor Relations, who also leave their positions with immediate effect.