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    Ora Banda Mining (ASX:OBM) announces a board change

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    Ora Banda Mining (ASX:OBM) has just announced a change to its board.

    Ora Banda Mining is pleased to announce that Mr Luke Creagh has today been appointed as Managing Director. Mr Creagh has held the position of Chief Executive Officer since 4 July 2022.

    Mr Creagh is a mining engineer with 20 years' experience working for both contracting and mining companies at projects throughout Australia and overseas. He most recently served as Chief Operating Officer pf Northern Star Resources.

    Shares of Ora Banda Mining 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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