Middle Island CEO resigns; Daniel Raihani steps up

Middle Island Resources (ASX:MDI) announced the resignation of its CEO, Peter Spiers.

Spiers will serve out a full three-month notice period to facilitate an orderly transition of executive responsibilities.

During this interim timeframe, he is slated to continue fulfilling his day-to-day duties as CEO while the board undertakes a search process to identify and appoint a permanent successor tailored to the company's evolving operational requirements.

In tandem with this leadership transition, Non-Executive Chairman Daniel Raihani will immediately assume the role of Executive Chairman, stepping in to provide direct strategic and operational oversight across the company's mineral portfolio.

Commenting on the departure, Raihani expressed sincere gratitude on behalf of the board and team for Spiers' impactful tenure, highlighting his profound expertise in their Serbian assets.

Prior to his leadership at Middle Island, Spiers served as executive chairman of Konstantin Resources, a background that proved invaluable in advancing exploration programmes and unlocking critical geological potential across the Western Tethyan Mineral Province.

The board credited his leadership with securing meaningful structural progress for the firm and extended its formal well-wishes for his future business initiatives.

At the time of reporting, Middle Island Resources’ share price was $0.020.