TRONOX LIMITED (NYSE:TROX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On May 10, 2017, Tronox Limited (the Company) announced that Tom
Casey will retire from his position as Chief Executive Officer,
for health reasons, effective as of May 15, 2017. Mr. Casey will
remain as Chairman of the Board, where he will support the
management transition and oversee the transaction processes for
the acquisition of Cristal Chemicals titanium dioxide assets, the
marketing of the Tronox Alkali business, and related matters. The
Company has begun the implementation of the executive leadership
transition plan, which was previously announced by the Companys
Board of Directors on March 29, 2016.
Casey will retire from his position as Chief Executive Officer,
for health reasons, effective as of May 15, 2017. Mr. Casey will
remain as Chairman of the Board, where he will support the
management transition and oversee the transaction processes for
the acquisition of Cristal Chemicals titanium dioxide assets, the
marketing of the Tronox Alkali business, and related matters. The
Company has begun the implementation of the executive leadership
transition plan, which was previously announced by the Companys
Board of Directors on March 29, 2016.
In accordance with the Boards executive leadership transition
plan, effective as of May 15, 2017, Peter Johnston will assume
the role of Interim Chief Executive Officer during the period
in which the Company identifies a successor to Mr. Casey. Mr.
Johnston, 66, has been a director of the Company since August
1, 2012 and will also continue to serve as a director of the
Company.
plan, effective as of May 15, 2017, Peter Johnston will assume
the role of Interim Chief Executive Officer during the period
in which the Company identifies a successor to Mr. Casey. Mr.
Johnston, 66, has been a director of the Company since August
1, 2012 and will also continue to serve as a director of the
Company.
Mr. Johnston was appointed Global Head of Nickel Assets for
Glencore in May 2013. He retired from Glencore in December 2015.
Prior to this role he was Managing Director and Chief Executive
Officer of Minara Resources Pty Ltd from 2001 to 2013. Mr.
Johnston is currently a member of the board of NRW Holdings
Limited (ASX: NWH) and was previously a director of Silver Lake
Resources Limited (ASX: SLR).
Glencore in May 2013. He retired from Glencore in December 2015.
Prior to this role he was Managing Director and Chief Executive
Officer of Minara Resources Pty Ltd from 2001 to 2013. Mr.
Johnston is currently a member of the board of NRW Holdings
Limited (ASX: NWH) and was previously a director of Silver Lake
Resources Limited (ASX: SLR).
In connection with his appointment as Interim Chief Executive
Officer, Mr. Johnston will be replaced as independent director by
Jeffry Quinn on the Companys Corporate Governance and Nominating
Committee.
Officer, Mr. Johnston will be replaced as independent director by
Jeffry Quinn on the Companys Corporate Governance and Nominating
Committee.
The Companys press release announcing these changes is filed as
Exhibit 99.1 and incorporated by reference herein.
Exhibit 99.1 and incorporated by reference herein.
| Item 9.01. |
Financial Statements and Exhibits.
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| (d) |
Exhibits.
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Exhibit No.
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Description
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99.1
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Press release issued by Tronox Limited, dated May 10, 2017.
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TRONOX LIMITED (NYSE:TROX) Recent Trading Information
TRONOX LIMITED (NYSE:TROX) closed its last trading session up +0.84 at 18.11 with 1,582,131 shares trading hands.
