Hexagon Resources (ASX:HXG) has appointed Michael Rosenstreich as managing director and CEO, effective Friday 17th March 2017.
Rosenstreich has extensive experience in bringing mining projects from exploration into operations including organising financing and offtake agreements.
Tony Cormack has stepped aside as executive director / CEO effective 15th March 2017, and his experience will be maintained as a non-executive director.
Under Cormack's leadership, the company has defined a world-class resource at the McIntosh Flake Graphite Project, located in the East Kimberley of Western Australia.
Neville Miles, non-executive chairman, commented:
“I am really excited about getting Mike to lead the team as Hexagon enters the next stage of the development of our projects.
"He comes with a strong track record and will be instrumental in helping us to secure a path forward for the McIntosh Flake Graphite Project as well as progressing our other assets.
"It was important that we made the transition now as Mike will take ownership of delivering the McIntosh PFS outcomes and evaluating a path forward for our other assets.
"I also really want to thank Tony for his tremendous effort and dedication to Hexagon over the past 3 years.
"I don’t believe we would have turned this company around without him."