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Aurelia working on board refresh prior to $169m CEO exit

Peter Ker
Peter KerResources reporter

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The chief executive whose shock exit wiped $169 million from the market capitalisation of Aurelia Metals was “working on a solution” to cleanse the company of directors with links to departed shareholders such as Glencore.

The mission to refresh the Aurelia board was being discussed less than a month before chief executive Jim Simpson’s sudden departure on May 2, which was announced in a statement that did not contain any quotes from Mr Simpson.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/aurelia-working-on-board-refresh-prior-to-169-million-ceo-exit-20190510-p51m6n