Wellard Ltd. (Wellard) announced that its Chief Financial Officer, Mr. Greg Wheeler, will move from his role with Wellard to that of Chief Executive Officer with the Company's former parent company and major shareholder WGH Holdings Pty Ltd. (WGH), effective from 11 July 2016 and has become a Non-Executive Director of Wellard. The Board has appointed highly experienced listed company Chief Financial Officer, Mr. Alan Rule, as interim CFO for a 6 month period pending consideration of a permanent CFO appointment. During the last 10 years, Mr. Rule has served as the Chief Financial Officer for Sundance Resources Limited, Paladin Energy Limited and Mount Gibson Iron Limited.

Mr. Rule will commence on 11 July 2016 and work with Mr. Wheeler to ensure an orderly handover.