Turquoise Hill announces resignation of director Alan Chirgwin and appointment of Alfie Grigg to the Board of Directors
Turquoise Hill Resources announced the resignation of non-independent director Alan Chirgwin, effective September 17, 2020, as he departs from Rio Tinto.
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Rhea-AI Summary
Turquoise Hill Resources announced the resignation of non-independent director Alan Chirgwin, effective September 17, 2020, as he departs from Rio Tinto. The company expressed gratitude for his contributions. Concurrently, Alfie Grigg has been appointed to the Board, effective September 18, 2020. Grigg brings over 20 years of experience in legal and regulatory matters within the resources sector, particularly from his role at Rio Tinto's Aluminum business. The leadership transition aims to strengthen governance and stakeholder engagement at Turquoise Hill.
Positive
- Alfie Grigg brings over 20 years of experience in legal and regulatory affairs, enhancing the Board's expertise.
- Grigg's background in governance and business development may provide fresh insights and strengthen stakeholder engagement.
Negative
- Resignation of Alan Chirgwin may raise continuity concerns within the Board.
Details
News Market Reaction – TRQ
The recorded move for TRQ in the trading session of this news was -2.70%.
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MONTREAL, Sept. 18, 2020 /PRNewswire/ - Turquoise Hill Resources today announced that the Company's Board of Directors has accepted the resignation of non-independent director Alan Chirgwin, effective September 17, 2020. Mr. Chirgwin's resignation corresponds with his personal decision to leave Rio Tinto.
Peter Gillin, Chairman of Turquoise Hill Board of Directors, said, "The Board would like to thank Alan for his contributions to Turquoise Hill and wish him all the best in his future endeavors."
The Board of Directors is pleased to announce, that Alfie Grigg will be joining the Board of Turquoise Hill, effective September 18, 2020. Mr. Grigg has more than 20 years' experience as a legal executive and senior advisor with extensive experience in joint ventures, governance, stakeholder engagement, business development and capital markets, across the resources, energy and technology sectors. Mr. Grigg is currently chief Counsel, Pacific for Rio Tinto's Aluminum business leading the legal and regulatory activities for Rio Tinto's bauxite mines, alumina refineries, aluminum smelters and associated power generation assets in the Pacific region.
Peter Gillin stated, "We are pleased to welcome Mr. Grigg and look forward to his contributions to the Board."
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SOURCE TURQUOISE HILL RESOURCES LTD
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