Two directors quit Baja board

Two people have resigned from Baja Mining’s board of directors, the company has said.

Two people have resigned from Baja Mining’s board of directors, the company has said.

Stephen Lehner and Ken Murphy have both resigned from Baja’s board, just weeks after being appointed.

The news comes in the wake of the announcement that the company is now faced with a class action lawsuit, worth upwards of $260 million.

Lehner and Murphy joined Baja’s board this year on May 7 and May 24 respectively.

They were elected as directors at the company’s most recent shareholder meeting, which was held on June 21.

Lehner was at the centre of a dispute with 19.9% shareholder Mount Kellett Capital Management earlier in the year, which nominated him for appointment to the board.

He is the managing director, while Murphy is head of asset management at Mount Kellett.

Fellow Mount Kellett nominee Lorie Waisberg was made chairman of the board at the same meeting in June.

“Baja’s board would like to thank both Mr Lehner and Mr Murphy for their contributions to Baja during what has been a challenging period for Baja and its management,” the company said.

Claire Hack
chack@metalbulletin.com
Twitter: @clairehack_mb

What to read next
Fastmarkets will discontinue its consumer buying price assessments for machine shop turnings in the Cleveland and Pittsburgh markets effective Tuesday June 6.
Fastmarkets has decided to proceed with the launch of a new European low carbon ferro-chrome price covering material with lower chrome content.
Fastmarkets invites feedback on a proposal to increase the publication frequency of non-exchange-deliverable equivalent-grade (EQ) copper cathode premium, cif Shanghai, from once every two weeks to once every week.
The outlook for North American steel scrap prices has headed further into bearish territory ahead of June’s trade, with prices for all grades expected to fall again after a round of across-the-board decreases in May
Fastmarkets is inviting feedback on a change of publishing time for our ferro-chrome price in the Chinese domestic market as well as ferro-chrome import prices in Japan and South Korea, to 5-6pm Shanghai time from 2-3pm London time.
Fastmarkets is inviting feedback on a proposal change the publishing time for our silico-manganese, ferro-manganese and manganese ore port prices in China, to 5-6pm Shanghai time from 2-3pm London time.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed