Mineral Resources Appoints Malcolm Bundey as New Chairman

Highlights:

• Leadership Transition: Mineral Resources Limited (ASX: MIN) appoints Malcolm Bundey as the new non-executive chairman, effective from July 2025.
• Board Renewal Process: Bundey will chair the Ethics and Governance Committee and lead the board renewal process, aiming to enhance corporate governance.
• Market Impact: At the time of writing, Mineral Resources shares traded at $23.80, marking a 9.83% decline.

Leadership Transition at Mineral Resources

Mineral Resources Limited (ASX: MIN) has announced the appointment of Malcolm Bundey as its new Chairman, succeeding outgoing chairman James McClements. Bundey will initially join the company as a non-executive director and is set to assume the role of non-executive chairman in July when McClements steps down. His appointment marks a significant leadership transition for the company as it aims to strengthen its governance and strategic direction.

Extensive Industry Experience

Bundey brings a wealth of experience to Mineral Resources, currently serving as the Deputy Chairman of Brickworks and having previously held the position of Chief Executive at Pact Group. His expertise in corporate governance and strategic leadership is expected to be instrumental in steering the company through its next phase of growth and development.At Mineral Resources, Bundey will chair the Ethics and Governance Committee and lead the board renewal process. His appointment has been unanimously supported by the board, signalling strong confidence in his ability to guide the company forward.

Mineral Resources Share Performance

At the time of writing, shares of Mineral Resources Limited (ASX: MIN) were trading at $23.80, reflecting a decline of 2.59 points or 9.83%. The announcement of Bundey's appointment is seen as a strategic move to fortify governance and enhance board capabilities amid market challenges. Bundey's leadership is anticipated to bring renewed focus on ethical practices and strategic board enhancements as the company continues to expand its presence in the mining sector.

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