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St Barbara appoints new CEO

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St Barbara has appointed Bob Vassie as its new CEO and managing director.

The announcement comes less than a week after its incumbent CEO Tim Lehany announced his resignation.

Vassie will officially step in to the role on July 1st.

Vassie was previously the CEO of Inova Resources (formerly known as Ivanhoe Australia) and has nearly two decades of experience with Rio Tinto in a number of senior management roles.

According to the company Vassie will focus on the miner's "strategic options for the Pacific Operations" and the "resource development potential at the Leonora operations". 

Regarding the appointment, Vassie said he is "excited to be joining St Barbara at a time when the company faces some key strategic decisions".

Vassie previously spent more than a year as Rio Tinto's managing director for 'strategic optimisation'.

"Redirecting and rigorously implementing the company's strategy will allow St Barbara to realise value from its considerable asset base of gold reserves and resources, infrastructure, and the experience and capability with the company," he added.

He will come in to the company on a salary of $650 000.

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