The Board of Forum has announced that Russell Harvey has resigned from his position as Chief Executive Officer and as a director of the Company with immediate effect.
Alan Henderson, Non-Executive Chairman of the Company, will assume the position of acting Chief Executive Officer until a suitable new CEO is appointed. The Board anticipates making a further appointment to the board and will make a further announcement when appropriate.
The Board remains committed to focusing on the conversion of GSEC101 to a service contract to deliver value to its shareholders. The Company's financial position is secure following the divesting of its Central Cebu coal asset (subject to Philippine government approval) and the continued optimization of its non-core assets.
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