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.

Related

Rateweb

South Africa’s primary source of financial tools and information

Contact Us

admin@rateweb.co.za

Disclaimer

Rateweb strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Rateweb is not a financial service provider and should in no way be seen as one. In compiling the articles for our website due caution was exercised in an attempt to gather information from reliable and accurate sources. The articles are of a general nature and do not purport to offer specialised and or personalised financial or investment advice. Neither the author, nor the publisher, will accept any responsibility for losses, omissions, errors, fortunes or misfortunes that may be suffered by any person that acts or refrains from acting as a result of these articles.