Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has announced that managing director Nicole Galloway Warland is to retire with immediate effect.
Alastair Clayton, currently serving as non-executive chairman, will become executive chairman with immediate effect.
Thor said the move is aimed at strengthening the executive capabilities of the board and driving the corporate strategy of the company.
Galloway Warland will remain as a consultant to the company to help execute the current drill programme at the company's Colorado uranium projects in the United States, as well as oversee Thor’s other projects in South Australia.
Alastair Clayton, executive chairman commented: "I would like to sincerely thank Nicole for all her hard work over the last few years in executing the Company's investment strategy across our portfolio.
“It has been a pleasure to work with Nicole and I am very grateful to her for agreeing to assist with our upcoming work programme in the US.”
Thor added that Clayton has agreed to accrue all directors' fees for a minimum period of six months.