DRA’s Board Shake-Up: Industry Expert Takes Helm

  • DRA's Board Restructuring: DRA Global Limited undergoes significant restructuring, with four key directors resigning and Sebastiano Randazzo appointed as Chairman.
  • Leadership Transition: Seasoned industry professional, Sam Randazzo, steps in as non-executive Director and Chair, bringing 35 years of experience.
  • Strategic Governance Focus: DRA plans further director appointments, emphasizing skills and compliance with Corporations Act, ensuring strong governance and strategic alignment.

DRA Global Limited (ASX: DRA | JSE: DRA), a prominent player in the international mining, minerals, and metals industry, made a significant announcement today regarding its Board of Directors. In a strategic move, the company has undergone a restructuring at the highest level, reshaping its leadership landscape.

The reshuffle, effective immediately, saw the departure of key figures – Peter Mansell, Lee (Les) Guthrie, Paul Lombard, and Sandra Bell – from the company’s Board of Directors. These departures marked the beginning of a new era for DRA, aligned with the vision and strategy laid out by its largest shareholder, Apex Partners Holdings Pty Ltd.

Stepping into the vacated roles is Sebastiano (Sam) Randazzo, a seasoned professional with an impressive track record in the mineral resources industry spanning over 35 years. Randazzo, appointed as a non-executive Director, brings a wealth of experience garnered from executive and non-executive positions in various public companies listed on leading stock markets, including ASX, TSX, JSE, and AIM.

Moreover, in a decisive move, Randazzo was also elected as the Chair of DRA’s Board of Directors, signifying a pivotal moment in the company’s leadership history. His extensive operational background in project identification, merger and acquisitions, and corporate finance, among others, is poised to steer DRA towards new horizons in the competitive global mining industry.

James Smith, DRA’s Managing Director & CEO, expressed the company’s gratitude to the outgoing directors for their dedicated service, particularly during the challenging times of the last 18 months. He also extended a warm welcome to Randazzo, expressing anticipation for the upcoming phase of DRA’s journey under his leadership.



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