Red 5 Limited announces board and management changes

Red 5 Limited (ASX: $RED) has announced significant board and management changes following the successful merger with Silver Lake Resources Limited. Effective immediately, Mr Luke Tonkin, previously Managing Director and CEO of Silver Lake, has been appointed as the Managing Director and Chief Executive Officer of Red 5. He will be supported by Mr Richard Hay as Chief Operating Officer, Mr Struan Richards as Chief Financial Officer, Mr David Berg as General Counsel and Joint Company Secretary, Mr Len Eldridge as Corporate Development Officer, and Mr Phillip Stevenson as Group Development Geologist. Additionally, Mr Russell Clark continues as Red 5's Non-Executive Chair, with several changes to the Non-Executive Directors. Long-serving Red 5 Managing Director Mr Mark Williams, Chief Financial Officer Mr David Coyne, Chief Geologist Byron Dumpleton, and Manager, Corporate Development Mr Mathew Collings will cease their roles as part of these changes.

Red 5 Chair Russell Clark's comments on the changes

Following the successful merger with Silver Lake, Red 5 Chair Russell Clark expressed confidence in the newly appointed leadership team, led by Luke Tonkin as Managing Director and CEO. Clark acknowledged the significant contribution of outgoing Managing Director Mark Williams, highlighting his pivotal role in the Company's growth and development. He also extended gratitude to David Coyne and Mathew Collings for their efforts in the Silver Lake merger and their commitment to the Company.

Summary of Red 5's board and management changes

Red 5 Limited (ASX: $RED) has completed a leadership transition following its merger with Silver Lake Resources Limited. The appointment of Mr Luke Tonkin as Managing Director and Chief Executive Officer, along with several other key executive appointments, marks a significant milestone for the Company. The changes reflect the Company's strategic realignment and commitment to driving future growth. The departure of long-serving executives signifies a new chapter for Red 5, with a focus on leveraging the expertise and experience of the incoming leadership team. The Board and shareholders expressed gratitude to the outgoing executives for their contributions and wished them well in their future endeavors.