The Courier-Mail

At­las irons out sav­ings in ex­ec­u­tive team reshuf­fle

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AT­LAS Iron has moved its for­mer chief Ken Brins­den to a non-ex­ec­u­tive role as it takes a knife to its cost base.

The Pil­bara iron ore miner will shave another $1 mil­lion off its costs as it re­duces the num­ber of se­nior ex­ec­u­tives from five to three as part of a se­nior team reshuf­fle.

Mr Brins­den (pic­tured) has moved from be­ing an ex­ec­u­tive di­rec­tor to a non- ex­ec­u­tive di­rec­tor, three months af­ter step­ping aside from the top job to make way for At­las founder and chair­man David Flana­gan.

At­las said the changes rep­re­sented about $1 mil­lion in to­tal an­nual sav­ings. “They will also en­sure that the com­pany re­tains Mr Brins­den’s ex­ten­sive op­er­a­tional skills and knowl­edge,” At­las said. Mr Brins­den steered the c com­pany as its man­ag­ing di­rec­tor from 2 2012 to 2015.

At­las shares c closed steady a at 2.6¢ yes­terd day. They have lost more than 80 per c cent of their v value over the p past year.

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