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Atlas Iron names new CEO, chairman following Hancock takeover

Atlas Iron Ltd. named Sanjiv Manchanda as CEO and Spiro Pappas as chairman, according to an Oct. 15 release.

Manchanda was the former COO of Roy Hill Holdings Pty. Ltd. and the project development head of Hancock Prospecting Pty. Ltd., whose Redstone Corp. Pty. Ltd. unit recently acquired a 90% stake in Atlas Iron.

Pappas, an experienced finance executive, was appointed as a nonexecutive director along with Ian Plimer, Tad Watroba and Stephen Wood.

As part of the transition, Atlas Iron said former CEO Cliff Lawrenson, Eugene Davis, Alan Carr and Cheryl Edwardes have resigned as directors.