Peninsula Energy (ASX:PEN) has advised that John (Gus) Simpson will be stepping down from his position as managing director and chief executive officer and also from the board of the company and all its subsidiaries, effective immediately.
Peninsula is producing uranium from the Lance Projects in the U.S. state of Wyoming.
The company noted in a statement that the decision follows careful consideration by the board of the key operational and commercial priorities for Peninsula in the near term and beyond, together with the skillsets required to further progress the company.
Wayne Heili, an experienced uranium mining executive, has been appointed to the role of managing director and chief executive officer, effective 3 April 2017.
John Harrison, chairman, commented: "We are fortunate to be able to secure such a highly qualified senior uranium executive at this important time for the
"Wayne oversaw the development and operation of the successful Lost Creek insitu uranium project in Wyoming and brings industry specific operational and corporate expertise to the company as we progress the ramp-up of the Lance Projects and studies at the Karoo Projects."
Warwick Grigor and Richard Lockwood have also agreed to step down from the board.