Minbos Resources (ASX:MNB) announced a transition in its executive leadership, effective immediately.
Lindsay Reed has resigned from his position as managing director after years of dedicated service.
While stepping down from the helm, Reed will remain on the board as a non-executive director, ensuring the company retains his deep operational knowledge and strategic vision during this pivotal period.
Taking the reins as Acting CEO is Rob Newbold, the company's current chief marketing and strategy officer.
Newbold is a seasoned veteran in the industrial and agribusiness sectors, boasting over 20 years of international experience across Australia, Africa, and Europe.
His background includes senior roles at industry giants such as Incitec Pivot and Nufarm, as well as serving as General Manager of Wengfu Australia.
The leadership change comes as Minbos focuses on transitioning from "potential to performance," particularly regarding its agricultural projects in Angola.
Newbold, who has worked with the Angolan team for nearly three years, emphasised his commitment to unlocking new export revenues and supporting the nation’s agricultural development.
While Newbold handles day-to-day management, the board will initiate a formal search for a permanent CEO.
At the time of reporting, Minbos Resources' share price was $0.013.