Business
Homeland Energy Group Makes Changes to Board of Directors
Homeland Energy Group Makes Changes to Board of Directors
About this update from Centerra Gold Inc.
[{"type":"text","content":"\nHomeland Energy Group Makes Changes to Board of Directors\n\n\n Jun. 3, 2009 (Baystreet.ca) -- TORONTO, ONTARIO -- Homeland Energy Group Ltd. (TSX: HEG) ('Homeland' or 'the Company') announces that the Company's Chairman of the Board, Tom Griffis, has submitted his resignation effective immediately to allow him to concentrate on several other ventures with which he is involved. The remainder of the board members, management team in Toronto and London and technical teams in South Africa wish Tom all the best and thank him for his time, guidance and dedicated service to moving Homeland from an exploration company to a coal production company.\n\n\"We are sorry to see Tom leave but understand that Royal Nickel Corp., CDR Minerals Inc. and Juno Special Situations Fund all require more of his time and attention as they mature and grow under his attention, as did Homeland,\" commented Stephen Coates, President & CEO. \"It was always Tom's intention and the intention of the board when we founded Homeland that our leadership would evolve as the company evolved, allowing for greater technical mining expertise. Tom's contribution in building this company has been invaluable and we look forward to watching him do the same with his other ventures.\" \n\"I am very proud to have been part of growing Homeland into the coal producing company it is today from a brown fields site just three years ago,\" commented Tom Griffis. \"There is no doubt that the role of chairman of the board is a full-time occupation at this stage of the company's growth. My niche is the development stage and I look forward to taking my other ventures through this same process.\" \nJeff Lowe (MBA, CGA, ICD.D) will be appointed to Homeland's board as an independent director. Mr Lowe is a senior corporate finance, capital markets and corporate governance professional with experience acquired across a diverse industry base including mining, consumer products and telecom. Previously, Mr Lowe served as Vice President and Corporate Treasurer for Centerra Gold, and the Alderwoods Group, and Assistant Treasurer for Noranda Inc. Also, he has held senior positions in treasury / corporate finance for Nortel Networks and George Weston Limited and recently launched a start up junior uranium Exploration Company. Mr Lowe has also led a corporate turnaround and restructuring culminati...