IMX Resources has tapped former Flinders Mines boss Gary Sutherland to be its new managing director while announcing a relocation of its head office from Perth to Adelaide.
Mr Sutherland, who parted ways with Flinders in April last year, will take over from John Nitschke who had filled the role of acting managing director for the past five months. Mr Nitschke will remain on IMX's board as a non-executive director.
IMX said Mr Sutherland would drive IMX's iron ore growth strategy based on its 51 per cent owned Cairn Hill mine and portfolio of development and exploration projects, including the 100 per cent owned Mt Woods magnetite project.
The company also announced the appointment of former Moly Mines boss Derek Fisher as its new chairman.
David Constable would resign from the board immediately.
IMX said its head office relocation to Adelaide was consistent with the company's focus on its South Australian assets.
The move would allow the consolidation of its operational and corporate teams in one location, with significant cost savings.
Dr Fisher said the changes represented a pivotal moment in IMX's history and showed the company's commitment to become an efficient iron ore miner and developer in South Australia.
"I firmly believe that this marks the beginning of an exciting new era for IMX and we look forward to growing the company's substantial mineral assets," he said.
Mr Sutherland will receive an annual salary of $475,000 along with short and long term incentives.
IMX shares were up 0.3 cents, or 8.33 per cent, to 3.9 cents at 10.45am.