The current Managing Director, Sean Zhou, will continue to play an active role in the Company as Deputy Chairman and Non-executive Director.
Prior to his appointment, Mr Stocks founded and was Managing Director of Australian iron ore development company Iron Road (ASX: IRD) for the past 12 years. During this time he led the growth of the Central Eyre Iron Project in South Australia through to a $100 million definitive feasibility study.
As Managing Director, he will receive an annual salary of $375,000 per annum plus performance options.
Shares in Vango Mining (ASX:VAN) are trading 3.03 per cent higher at 17 cents.