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Toro Energy Undertakes Executive Management Transition

Toro Energy (ASX: TOE) managing director Greg Hall will step down from his position as of 8 February 2013 as part of a planned succession.

Dr Vanessa Guthrie, currently executive general manager - Wiluna Project, will assume the role of managing director.

Guthrie joined Toro in July 2011, and has been executive general manager of the Wiluna Project through the significant final pre-development stages of environmental studies and technical evaluation, along with Western Australian and Federal Government assessment of the project.

Previous positions include chief executive officer of the Wellard Group, vice president sustainable development for Woodside Energy, sustainability manager for Alcoa World Alumina Australia, and mine manager at Alcoa's Huntley Mine.

Guthrie has also previously held environmental management roles with WMC in the northern goldfields region, has extensive experience in community and traditional owner engagement, and has experience within the nuclear and radiation fields.

Meanwhile, Hall is taking up the position of chief executive officer and managing director of copper producerHillgrove Resources (ASX: HGO), but will remain on the Toro Energy Board as a non-executive director.

Erica Smyth, chairman of Toro Energy, commented; "Greg has been the managing director of Toro since its inception in March 2006, and has taken the company from a start-up junior uranium explorer, to the leading new uranium development company in Australia.

"He has led our project development and exploration teams to the point where government assessment of our Wiluna Project is almost complete and our work on the Theseus prospect continues to give very encouraging indications."

In October, Wiluna, which comprises the Centipede and Lake Way deposits, was granted WA Ministerial environmental approval, paving the way to potentially become the first uranium mine in the state.

Toro is expecting a Federal Government decision on the approval of the project before the end of 2012.

Once this has been received the company will make a final investment decision for the project in the second half of 2013, with construction slated to begin shortly after and first sales anticipated in the 2014-15 financial year.

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