Resource Base (ASX:RBX) has just announced a change to its board.
Resource Base a strategic metals explorer targeting clay hosted REE and VHMS in Victoria and South Australia, is pleased to announce the appointment of Mr Maurice Feilich, as Non-Executive Chairman, following the resignation of Mr Jamie Myers, effective immediately. Mr Brent Pamler also joins the Board as a Non-Executive Director with immediate effect.
Mr Feilich holds a Bachelor of Commerce with a major in Marketing and Business. He has been involved in investment markets for 30 years, commencing his career as an institutional derivative broker at Mcintosh Securities in 1988. He joined Tricom Equities in 2000 as Head of Equities, and in 2010 became a founding partner of Sanlam Private Wealth.
Mr Palmer holds a Bachelor of Commerce with a major in Property from Curtin University, together with a Post Graduate degree in Mineral and Energy Economics from the WA School of Mines. Mr Palmer has circa 10 years' experience in the capital markets, specialising in trading and analysis of small caps.
Shares of Resource Base 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.