Western Mines Group (ASX:WMG) has just announced a change to its board.
Western Mines Group is pleased to announce the appointment of Dr Ben Grguric to the Board of WMG as Technial Director.
Ben has extensive experience in mineral exploration and scientific research, with direct involvement in a number of gold and nickel discoveries over the last 30 years.
Ben is considered a leading expert on WA nickel sulphide exploration with over 50 peer-reviewed scientific papers.
Shares of Western Mines Group 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.