Equinox Resources announces CEO Zac Komur will step down in November, with the Board launching a search for his successor amid ongoing development of the Hamersley iron ore project and strategic expansion plans.
- CEO Zac Komur to step down effective 6 November 2025
- Komur to remain as Non-Executive Director
- Board initiates search for new CEO to lead next growth phase
- Hamersley iron ore project remains central to company strategy
- Focus on strategic partnerships in Brazil and new project generation
Leadership Transition at Equinox Resources
Equinox Resources Limited (ASX – EQN) has announced a significant change in its executive leadership with Chief Executive Officer and Managing Director Zac Komur stepping down from his role effective 6 November 2025. Komur will continue to contribute to the company as a Non-Executive Director, signaling a continued commitment to the business despite the leadership shift.
The Board has commenced a formal search for a new CEO to guide Equinox into its next phase of growth. This transition comes at a pivotal time as the company advances its flagship Hamersley iron ore project, which remains the cornerstone of its operations.
Hamersley Project – The Core Asset
Under Komur’s leadership, Equinox successfully defined a world-scale direct-shipping-ore resource at Hamersley, boasting 108.5 million tonnes at 58% iron ore (inferred). The project has also progressed through critical heritage approvals, positioning it well for future development. The Board has reiterated its commitment to advancing Hamersley, emphasizing that all existing work programs and stakeholder engagements will continue uninterrupted.
Strategic Growth and Expansion Plans
Beyond Hamersley, Equinox is actively pursuing new project generation opportunities and exploring strategic partnerships, particularly in Brazil. This dual focus on disciplined exploration and strategic alliances reflects the company’s ambition to diversify and grow its asset base while maintaining a strong operational foundation.
Non-Executive Chairman Agha Shahzad Pervez expressed gratitude for Komur’s leadership and highlighted the company’s forward-looking strategy. The Board’s search for a new CEO aims to find a leader capable of driving Equinox through this exciting new chapter, balancing project development with strategic growth initiatives.
Outlook Amid Leadership Change
While leadership transitions can introduce uncertainty, Equinox’s clear articulation of its priorities and ongoing projects provides reassurance to investors and stakeholders. The company’s focus on creating long-term value through exploration, project development, and strategic partnerships remains steadfast.
Bottom Line?
Equinox’s leadership change marks a new chapter, with the next CEO set to steer growth amid a robust project pipeline and strategic ambitions.
Questions in the middle?
- Who will be appointed as the new CEO and what is their vision for Equinox?
- How might the leadership change impact the timeline and execution of the Hamersley project?
- What specific partnership opportunities in Brazil is Equinox targeting?