Board position changes at True North Copper Limited

True North Copper Limited (ASX: $TNC) has announced immediate changes to its Board structure. lan McAleese will transition from Non-executive Chairman to Executive Chairman, while Marty Costello will step down as Managing Director but continue as Executive Director Business Development. The company is actively seeking a new Managing Director, with an appointment expected within the next month. During lan McAleese's tenure as Executive Chairman, his annualised remuneration will increase to $200k per annum including superannuation from $100k per annum. All other material terms of his appointment remain unchanged.

Executive commentary on board position changes

On behalf of the Board, I wish to thank Marty for his tireless work and enthusiasm as the founder of True North Copper by leading the Company which is now primed to become Australia's next copper producer.

Summary of board position changes at True North Copper Limited

True North Copper Limited (ASX: $TNC) has announced changes to its Board structure, with lan McAleese assuming the role of Executive Chairman and Marty Costello transitioning to Executive Director Business Development. The company is actively seeking a new Managing Director, with an appointment expected within the next month. lan McAleese's annualised remuneration will increase during his tenure as Executive Chairman. The company is poised to become Australia's next copper producer, as it continues its strategic developments.