North Stawell Minerals Elevates Olsen to Chairman, Adds Reid to Board
North Stawell Minerals has announced key leadership changes, with Campbell Olsen stepping up as Non-Executive Chairman and Bill Reid joining as an Executive Director amid a critical growth phase.
- Campbell Olsen appointed Non-Executive Chairman, resigns as CEO
- Jerry Ellis retires after five years as founding Chairman
- Bill Reid joins as Executive Director, continuing as Head of Exploration
- Reid brings 30 years of geological and exploration expertise
- Leadership changes coincide with pivotal growth and exploration activities
Leadership Transition at North Stawell Minerals
North Stawell Minerals Limited (ASX – NSM) has announced a significant reshuffle in its board and management team effective from 1 February 2026. The company’s founding Non-Executive Chairman, Jerry Ellis, has retired after guiding the company through its formative five years. His departure marks the end of an era and the beginning of a new chapter under the stewardship of Campbell Olsen, who transitions from Chief Executive Officer to Non-Executive Chairman.
Olsen’s appointment as Chairman reflects a strategic move to leverage his deep institutional knowledge and leadership experience in a non-executive capacity. Having been with the company since its inception, Olsen’s shift away from day-to-day operations suggests a focus on governance and long-term strategic oversight.
Strengthening the Board with Geological Expertise
Complementing this leadership change is the appointment of Bill Reid as an Executive Director. Reid, a seasoned exploration geologist with three decades of experience across Australia, Canada, and West Africa, will continue to support the company’s exploration efforts, albeit in a reduced operational role. His extensive background in gold and base metals exploration, particularly within junior mining companies, positions him well to contribute to North Stawell Minerals’ ambitious growth plans.
Reid’s expertise is expected to enhance the board’s technical capabilities and support the company’s ongoing exploration activities in the highly prospective Stawell Mineralised Corridor. This region, known for its significant gold deposits, remains a focal point for NSM’s efforts to discover large-scale gold mineralisation under cover.
Implications for North Stawell Minerals’ Future
The leadership changes come at a pivotal time for North Stawell Minerals as it advances its exploration programs along the 51-kilometre strike extension of the Stawell Gold Mine’s mineralised corridor. The company’s granted tenure covers a substantial 504 square kilometres, offering considerable potential for new discoveries.
With Olsen now chairing the board and Reid bringing fresh executive insight, the company appears poised to maintain momentum in its exploration and development activities. The transition signals a maturation of the company’s governance structure, potentially increasing investor confidence as NSM navigates the next phase of its growth trajectory.
Bottom Line?
As North Stawell Minerals reshapes its leadership, all eyes will be on how these changes translate into exploration success and shareholder value.
Questions in the middle?
- How will Olsen’s shift to a non-executive role affect the company’s operational leadership?
- What immediate impact will Bill Reid’s geological expertise have on exploration outcomes?
- Will these leadership changes influence North Stawell Minerals’ strategic priorities or capital allocation?
