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    Odin Metals (ASX:ODM) announces a board change

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    Odin Metals (ASX:ODM) has just announced a change to its board.

    Odin Metals advises that Mr Ted Coupland has resigned as a Non-Executive Director of the Company, effective 28 September 2022.

    On behalf of the Board of Director and the Odin Metals shareholders we thank Ted for his support and contribution over the past 18 months and wish him well in his future endeavours.

    Shares of Odin Metals have stable 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.

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