BRIEF-Mandalay Resources- CEO Brad Mills is transitioning as board's executive chairman

Wed Mar 23, 2016 6:33pm EDT
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March 23 (Reuters) - Mandalay Resources Corp :

* Mandalay Resources Corporation announces changes to executive team and to board of directors

* Effective immediately, Brad Mills, chief executive officer of company, is transitioning to executive chairman of board

* At same time, Braam Jonker, currently serving as chairman of board, will be assuming role of lead independent director

* Sanjay Swarup will continue in his role as chief financial officer

* Replacing Mills as president and chief executive officer is Mark Sander, currently president of Mandalay resources

* Sanjay Swarup has agreed to step down and not stand for re-election to board, to enable appointment of mark sander to board Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)