Emu NL has reversed its previous decision to terminate Doug Grewar, reinstating him as CEO and Managing Director with a new contract focused on advancing the Yataga Copper Project.
- Doug Grewar reinstated as CEO and Managing Director
- Previous termination review found allegations unsubstantiated
- New executive agreement with 2.5-year term and $25,000 monthly remuneration
- Performance rights incentives subject to shareholder approval
- Strategic focus on Yataga Copper Project under Grewar’s leadership
Background and Review Outcome
Emu NL has officially reinstated Doug Grewar as its Chief Executive Officer and Managing Director, following a thorough internal review that overturned his prior termination in March 2025. The company’s board, elected at the 2025 AGM, investigated the circumstances surrounding Grewar’s abrupt departure, which was initially attributed to alleged breaches of contract. The review concluded that these allegations could not be substantiated and also revealed that no formal written contract had been executed at the time of his termination.
Settlement and New Agreement
To resolve any outstanding disputes, Emu NL and Grewar, through his corporate entity Astrial Pty Ltd, entered into a confidential deed of settlement mutually releasing each other from claims related to the previous termination. Subsequently, a new Executive Services Agreement was signed, appointing Grewar as CEO and Managing Director effective 13 February 2026. The agreement spans an initial 2.5-year term with a monthly remuneration of $25,000 and includes performance rights incentives of up to 2.5 million shares, contingent on meeting key performance indicators and shareholder approval.
Strategic Implications
The company emphasized Grewar’s deep technical expertise and intimate knowledge of the Yataga Copper Project, which he originally introduced to Emu NL. His established relationships with stakeholders and extensive experience in the mining sector position him as a pivotal figure to drive the project forward. This leadership continuity is seen as critical to advancing Emu NL’s core strategic focus on copper mining development.
Board Changes and Outlook
With Grewar’s reinstatement, Peter Swiridiuk, who served as interim CEO and Managing Director since November 2025, will return to his role as a non-executive director. The board expressed gratitude for Swiridiuk’s stewardship during the transitional period. Investors will be watching closely how Grewar’s renewed leadership impacts operational progress and shareholder value, particularly as performance rights await approval and the Yataga project advances.
Bottom Line?
Emu NL’s leadership reset signals renewed focus on unlocking value from the Yataga Copper Project under Grewar’s experienced guidance.
Questions in the middle?
- Will shareholders approve the performance rights incentives tied to Grewar’s new contract?
- How will Grewar’s reinstatement affect the pace and funding of the Yataga Copper Project?
- What lessons has the board learned from the previous termination and review process?