Nautilus Minerals has informed that its chairman of the board of directors A. Geoffrey Loudon is retiring and will not stand for re-election at the upcoming annual general meeting on June 1, 2016.
Loudon has been Nautilus’ chairman since it listed on the Toronto Stock Exchange in 2006 and has been a founding investor and active participant in the strategic development of the company.
Nautilus’ president & CEO, Mike Johnston, commented: “I wish to thank Geoff for his steadfast dedication to the company and continued support of Nautilus’ staff over these many years. We wish him all the best as he commences a well deserved retirement.”
Nautilus director, Russell Debney, has been named interim chairman in place of Loudon. He was chairman of Nautilus Minerals Niugini Limited and Nautilus Minerals Oceania Limited prior to their acquisition by the company and, along with Loudon, has been involved with Nautilus almost since its inception.