Craig Ian McGown, BComm, FCA, ASIA Non-Executive Director (Chairman since 11 March 2015)
Mr McGown is an investment banker with over 35 years of experience consulting to companies in Australia and internationally, particularly in the natural resources sector. He holds a Bachelor of Commerce degree, is a Fellow of the Institute of Chartered Accountants and an Affiliate of the Financial Services Institute of Australasia. Mr McGown is an executive director of the corporate advisory business New Holland Capital Pty Ltd (New Holland) and prior to that appointment was the chairman of DJ Carmichael Pty Limited. Mr McGown has had extensive experience in the corporate finance sector, including mergers and acquisitions, capital raisings in both domestic and international financial markets, asset acquisitions and asset disposals, initial public offerings and corporate restructurings.
Mr McGown is also the Non-Executive Chairman for Pioneer Resources Limited and in the past three years has held directorships in Bass Metals Ltd (7 July 2004 to 4 October 2013), and Peel Mining Limited (1 February 2008 to 9 April 2013).
Through his role as executive director of New Holland, Mr McGown has been consulting to the Company since October 2014 until his appointment in March 2015. The mandate which outlines the terms of the consulting arrangement was terminated subsequent to year end, however a continuing obligation of 6% of funds raised from introduced parties remains until 23 September 2017. In accordance with the Company’s policy on assessing the independence of directors, Mr McGown is not considered to be an independent director by virtue of this consulting arrangement. As a result, the Board has appointed Mrs Karen Field as Senior Independent Director to fulfil the role of Chair, in situations where Mr McGown may be conflicted.
Mr McGown is a member of the Nomination and Compensation Committee since his appointment on 11 March 2015.