Wednesday, 10 August 2011

Legacy Iron Ore: Sharon Heng to focus on financing and acquisitions, new CEO search

Legacy Iron Ore (ASX: LCY) has initiated a global search for a new chief executive officer, after current chief executive officer Sharon Heng elected to move into a financing and project role.

The company has embarked on a search for a successor to take a developmental role for the Mt Bevan project, likely to be announced before the end of November.

Heng will transition to Executive director - Corporate Projects and Financing and remain as a major shareholder of the company.

Her focus will be on the evaluation and capturing of opportunities, as well as the acquisition and financing of new resource projects.

Legacy said today it has received numerous opportunities to acquire quality projects, as well as offers of further funding.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/18574/legacy-iron-ore-sharon-heng-to-focus-on-financing-and-acquisitions-new-ceo-search--18574.html

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