Odin Metals (ASX:ODM) has just announced a change to its board.
Odin Metals is pleased to announce that Mr Jose Antonio Merino has been appointed to Odin's Board of Directors as a Non-Executive Director.
Mr Merino has over 15 years experience in business development and M&A transactions in the natural resources sector.
Mr Merino holds various advisory roles and is a strategic advisor to Marimaca Copper Corporation, a TSX listed company, focused on the development of its flagship copper project, Marimaca, one of the largest greenfield copper projects in Chile.
Shares of Odin Metals have risen 4.545% following the announcement.
Any change in the make-up of a company?s board can have an impact on a company?s stock price.
Generally, age-related turnovers and voluntary resignations have a marginal impact on the share price.
However, when either the Chairman or another board member is ousted, this can have a significant impact on the stock price.
As the role of the board is to endorse the strategy of the business, changes to the board can have an impact on the strategic direction of the company and therefore it?s future profitability.