Titan Minerals (ASX:TTM) shuffles board as part of project strategy – The Market Herald

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  • Titan Minerals (TTM) makes changes to its board and executive team as part of its strategy to unlock value across its project portfolio
  • In a mutual agreement, Managing Director Laurence Marsland has stepped down from his role, effective immediately,
  • Current Executive Director Matthew Carr will be acting CEO and Titan says his experience on certain project will assist with directing future activities
  • Ms Tamara Brown has been appointed a Non-Executive Director and Mr Mike Skead steps into the roles of COO and Country Manager for Ecuadorian operations
  • Company shares drops 1.02 per cent on market close, with shares trading at 9.7 cents each

Titan Minerals (TTM) has announced some changes to its board and executive team.

Managing Director Laurence Marsland has stepped down by ‘mutual agreement with the board. His departure is effective immediately.

Current Executive Director Matthew Carr has been appointed acting CEO of Titan Minerals.

The company said Mr Carr’s experience and history on certain projects can “greatly assist the appropriate sizing and direction” of activities on the group assets.

Ms Tamara Brown was appointed as a Non-Executive Director and will also provide additional investor relations services in the company’s North America operations.

Ms Brown brings operational and technical experience with Ecuadorian businesses and cultural practices which Titan said will be of “great assistance” to the in-country team.

Additionally, current Executive Vice President of Exploration Mike Skead will step into the roles of Chief Operating Officer and Country Manager under which he’ll have full authority for operations in Ecuador.

Company Chair Peter Cook said these are “very positive changes” as Titan advances exploration work in Southern Ecuador.

“We thank Laurie for his work and efforts in the restructure of Titans Ecuadorian business and the facilitation of processes enabling exploration works to restart at the company’s key projects,” he said.

Mr Cook was also pleased to have Mr Skead take on the new roles.

“When such a successful and renowned geologist makes such a move motivated by his passion for geology and a view that he can make yet another major discovery should be very comforting for our shareholders and future investors.”

Overall, Titan Minerals said the changes align with its broad strategy to unlock value at its projects for both the company and shareholders.

Company shares have dropped 1.02 per cent on market close, with shares trading at 9.7 cents each.

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