Updated on 23 July 2013
Mr Nick Woolf has also announced his intention to retire as a director immediately and to step-down from his current role as chief financial officer at the end of September to pursue other strategic interests. The new CFO will be Mr Graeme Boden, the current company secretary.
"Nick has been a robust supporter of the company during his three years and his contributions have been much appreciated by the Board and staff. We thank him for his dedication and commitment," said Dr Wilson.
Dr Wilson noted the company management structure had been reorganized to position it for the on-going contractual obligations and emerging strategic opportunities. Importantly, the changes will decrease the company's cost-base and make the company's aspirations more achievable.