NEWS RELEASE TRANSMITTED BY Marketwired
FOR: Paladin Energy Ltd
TSX SYMBOL: PDN
ASX SYMBOL: PDN
MAY 1, 2014
Paladin Energy Ltd: Appointment of New CFO
PERTH, WESTERN AUSTRALIA--(Marketwired - May 1, 2014) - Paladin Energy Ltd
(TSX:PDN)(ASX:PDN) ("Paladin" or the "Company") is pleased
to announce the appointment of Mr Craig Barnes as Chief Financial Officer,
effective July 1, 2014, replacing the current CFO, Mr Alan Rule who is
departing the Company on amicable terms. Alan will leave the business on June
30, 2014 after the completion of the transaction on Langer Heinrich with CNNC,
having accepted the role of CFO for Sundance Resources Limited, which is
developing a world class iron ore project in Africa.
Alan has been with Paladin since July 2012 during a period of operational
consolidation and substantial growth where the Langer Heinrich and Kayelekera
mining operations both achieved sustainable production and unit cost reduction.
Said John Borshoff, Paladin's Managing Director and CEO, "We wish
Alan all the best in his new venture and on behalf of myself, management and
the Board, sincerely thank him for his contribution and dedication."
Craig joins Paladin as a member of the Institute of Chartered Accountants of
Australia and South Africa with more than 15 years of experience in a career
comprising both financial services and resource industry experience, with the
last seven years as CFO.
Craig worked in audit and financial administration for the first seven years of
his career, before moving into mining in 2004 as Group Financial Accountant and
then in 2006 as the CFO of DRDGold Limited and affiliated subsidiary companies.
Craig played a key role in the rationalization of this group and transforming
it into a successful enterprise involving Johannesburg, Australian, UK and USA
Mr Borshoff added, "Craig brings a broad range of finance skills,
experience in international financing of mining projects and well-credentialed
commercial experience in the mining sector to Paladin that we believe will add
value as the Company continues to grow its global uranium business and
establish itself as a major uranium producer. We welcome him to our executive
Craig will commence with handover duties in early May so he will be conversant
with the organisation and Paladin's operations by the time he assumes the
CFO role with Paladin on July 1, 2014.
ACN 061 681 098
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations Contact
+1 905 337-7673
Mobile: +1 416-605-5120 (Toronto)
INDUSTRY: Manufacturing and Production - Mining and Metals
-0- May/01/2014 11:46 GMT
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