Northern Star Resources has appointed Suresh Vadnagra, a senior executive from Swiss commodities giant Glencore, as its new chief executive officer.
The appointment comes as the Australian gold miner faces intensifying pressure from activist investors demanding strategic changes.
6 million, which includes bonuses and forfeited benefits, according to reports from the Australian Financial Review.
Vadnagra will receive a sign-on package worth $5.6 million, which includes bonuses and forfeited benefits, according to reports from the Australian Financial Review.
The leadership change is part of a broader boardroom shakeup.
Chairman Michael Chaney is stepping down, to be replaced by his deputy.
The move signals a significant shift in governance as the company attempts to stabilize its position amid ongoing shareholder disputes.