Titan Minerals has shuffled its board and management with the appointment of executive director Matthew Carr as its acting chief executive officer.

This follows Laurence Marsland stepping down as the company’s managing director by mutual agreement with the board as the company progresses its exploration activities in Southern Ecuador.

He will continue work under the instruction of the CEO for a two-month handover period.

Titan Minerals (ASX:TTM) has also appointed Tamara Brown as a non-executive director and its executive vice president of exploration Mike Skead as its chief operating officer and country manager with full authority for operations in Ecuador.

“These are very positive changes for Titan as it moves forward with its exploration activities in Southern Ecuador and as the Company aligns its activities with its core business,” chairman Peter Cook said.

“These are exciting times for Titan and we are pleased to see Matt Carr step up into the role as acting CEO where his experience and history on these projects can greatly assist the appropriate sizing and direction of activities on the group assets can enable rewards for our shareholders.

“We are particularly pleased that Ms Tamara Brown who, with significant North American capital markets and Ecuadorian experience, has endorsed these projects and agreed to join the Board.

“In addition, her operational and technical experience and knowledge of Ecuadorian business and cultural practices will be of great assistance to our in-country team.”

Cook added that for an experienced and highly successful geologist such as Skead to take up the role as COO and move to Ecuador is an endorsement of the company’s projects.

“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,” he adde.




This article was developed in collaboration with Titan Minerals, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.