Pearl Gull Iron Chairman Russell Clark Resigns, Andrew Lilley Appointed Director at 13 November AGM

Manish Choudhary

12 November 2026 06:40 PM AEDT

Pearl Gull Iron Chairman Russell Clark Resigns, Andrew Lilley Appointed Director at 13 November AGM

Image Source: Krish Capital Pty Ltd

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Pearl Gull Iron Limited (ASX:PLG) has disclosed that Non-Executive Chairman Russell Clark has resigned from the board due to an increased workload from other board positions, with his departure effective at the conclusion of the company's Annual General Meeting to be held on Friday, 13 November 2026.

Key Points

Russell Clark has resigned as Non-Executive Chairman effective at the conclusion of the AGM on 13 November 2026
Clark has served as Chairman since the company's ASX listing in September 2021
Andrew Lilley will be appointed as a Non-Executive Director effective at the conclusion of the same AGM
Lilley brings two decades of experience in capital markets, including corporate advisory and financial analysis roles, and holds degrees in Commerce and Economics

Russell Clark's Resignation as Non-Executive Chairman

Russell Clark has resigned as Non-Executive Chairman of Pearl Gull Iron, citing an increased workload from other board positions. His resignation takes effect at the conclusion of the company's Annual General Meeting scheduled for Friday, 13 November 2026. According to the filing, Clark has held the Chairman position since the company's ASX listing in September 2021 and has been involved in guiding the company during that period, including through the sale of the Cockatoo Island Project. The board stated it thanks Mr Clark for his contributions and wishes him well for the future.

Appointment of Andrew Lilley as Non-Executive Director

Andrew Lilley will be appointed as a Non-Executive Director of Pearl Gull Iron, effective at the conclusion of the Annual General Meeting on 13 November 2026. The filing states that Lilley brings two decades of experience in capital markets, encompassing corporate advisory and financial analysis expertise across a range of industries, having worked in various corporate finance roles. He holds degrees in Commerce and Economics. Lilley was previously a director of Omni Market Tide Ltd and is currently a Non-Executive Director of FAR Limited (ASX:FAR), according to the filing.

Board Composition and Strategic Outlook

Following the board changes, Pearl Gull Iron's disclosed directors include Alexander Passmore as Non-Executive Director and Mathew O'Hara as Non-Executive Director. The company has 204.5 million shares on issue, as stated in the filing. The filing states that the board remains focused on identifying an appropriate transaction and continues to actively review and pursue strategic opportunities across suitable commodities and geographic jurisdictions. The company said it will continue to keep the market informed in accordance with its continuous disclosure obligations as these opportunities progress.

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