BRISBANE, AUSTRALIA--(Marketwired - Sept. 13, 2013) - Intrepid Mines Limited ("Intrepid", the "Company") (IAU.TO)(IAU.AX) advised on 8 August 2013 that the Chairman Mr Ian McMaster AM would assume the role of Executive Chairman for the period until a new CEO is appointed.
The key terms of Mr McMaster's appointment have now been finalised and are as follows:
|Term:||Initially 3 months from 1 September 2013 and then subject to monthly review (if required).|
|Salary:||$30,000 per month plus superannuation at 9.25%.|
|Short Term Incentives:||The Board at its discretion may award a short term incentive bonus on completing or demonstrably advancing recovery of value in Indonesia.|
The search for a new CEO has progressed with a short list of candidates subject to final interview.