Arrow Minerals Ltd (ASX:AMD) has completed a corporate restructure as part of its established succession plan.
Howard Golden has stepped down from his role as managing director and from the Arrow Minerals' Board of Directors to make way for technical director Hugh Bresser.
Golden will stay on in a business development role until May 30, 2022, at which point he will move away from the company to pursue other professional and personal interests.
Bresser, who has been Arrow’s technical director since July 5, 2021, will assume the position of managing director effective from March 1, 2022, with the term to end on June 30, 2025.
Growth phase of discovery
“On behalf of my fellow directors I would like to sincerely thank Howard for his outstanding contribution to Arrow Minerals over the past three years,” Arrow chairman Frazer Tabeart said.
“During his tenure Howard led Arrow through the consolidation of a significant land position in Burkina Faso and advanced the resulting gold exploration programs.
"Howard is leaving the company in good standing with a strong portfolio and a roadmap to discovery of an economic gold resource. We wish him all the best in his future endeavours.
“I congratulate Mr Bresser and have great confidence in Hugh’s ability to steer the company through the next important growth phase of discovery and resource development.
"We are pleased that Hugh has agreed to terms under which a significant proportion of his remuneration will be success-based, with targets which will be specifically aligned to tangible growth and shareholder value.”