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TerraCom Limited (ASX:TER)

ALERT: Price-sensitive ASX Announcement for TER
Current share price for TER : $0.064 -0.022 (-25.58%)+
Announcement
Release
9 Apr 2026 9:08AM
Price at Release
$0.086
Full Release
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Summary
On April 9, 2026, TerraCom Limited announced significant leadership changes, including the resignation of Managing Director Danny McCarthy, effective April 30, 2026. Mr. McCarthy will immediately step down but remain available in an advisory and consultancy capacity until September 30, 2026, to ensure a smooth transition. Chris Bourke, the current Chief Operating Officer, has been appointed as interim CEO. The company affirmed that their strategic priorities and operations remain unchanged, despite these changes in leadership. The Board expressed gratitude for Mr. McCarthy's contributions, particularly in stabilizing and integrating acquired operations and extending the life of key mining projects.
Key Points
  • Danny McCarthy resigns as Managing Director of TerraCom Limited.
  • Chris Bourke appointed as interim CEO.
  • McCarthy to assist with transition until September 2026.
  • Company operations and strategic priorities remain unchanged.
  • Acknowledgement of McCarthy's role in successful company transformations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.