Following an extensive international search, the MinRes Board unanimously endorsed Bundey as its preferred candidate on 10 April 2025, after which reference checks and final negotiations confirmed his appointment.
To ensure an orderly transition, Bundey commences as a Non-Executive Director effective immediately and will assume the position of Non-Executive Chair on 1 July 2025 when the current Chair James McClements will step down.
Bundey is a highly experienced board director and executive who has led multinational and multibillion dollar private and ASX‑listed organisations through significant change, performance improvement, acquisitions and sustainable growth.
As a leader of diversified global businesses based out of Australia and the United States, he brings expertise in managing complex global heavy industry operations and deep experience across professional services, manufacturing and primary industries and private equity.
Bundey began his career at Deloitte and held several senior positions over 15 years, including as a Partner in Corporate Restructuring and Management Consulting. He is also a graduate of the Australian Institute of Company Directors and was formerly a Registered Insolvency Practitioner and qualified Chartered Accountant.
Prior to his appointment, Bundey engaged with the MinRes Board and management over several months and conducted extensive due diligence, including visiting MinRes’ Onslow Iron project.
He said he is honoured to have the support of the MinRes Board and eager to contribute to a continued story of growth and success.
“MinRes was built on the entrepreneurial and proactive culture that has attracted me to every senior role I’ve occupied in my career,” Bundey said.
“I look forward to addressing the challenges before us, which we’ll approach head-on. I’m confident the new Board will lead the MinRes through the next chapter, continuing to strengthen the company’s corporate governance while focusing on a collegiate and success-driven culture in the boardroom.
“MinRes’ 7,000-strong team, founder Chris Ellison, the MinRes Board and senior management have together built a unique and formidable business that is poised to advance its position as a world-leading mining services and resources developer and operator.”
Bundey also thanked James McClements for his leadership of MinRes and support during this upcoming transition period.
From his commencement as a Non-Executive Director, Bundey will Chair MinRes’ Ethics and Governance Committee (EGC), bringing corporate governance experience to drive the next stage of the committee’s work. He will continue as a EGC member when he transitions to Board Chair.
Chair of the MinRes Board Nominations Committee Zimi Meka said Bundey was the standout candidate and unanimous choice of the Board through our extensive international search.
“Mal brings a multi-dimensional background in finance, corporate restructuring, general management and mergers and acquisitions, with broad geographic experience as both a pervious CEO and current Non-Executive Director in complex private and ASX listed businesses,” Meka said.
“He’s a measured leader who strikes the right balance between strong corporate governance and savvy commercial outcomes, with extensive experience in entrepreneurial founder-led businesses.
“In my three years on the MinRes Board, I’ve grown a deep appreciation for the unique capability of the company’s people and culture – which is focused on self-delivery, innovative solutions and shared ownership of outcomes. Mal will be a significant value-add to that capability with an unswerving focus on realising value for our shareholders.
Outgoing MinRes Chair James McClements said he is confident and reassured to be handing the role to such a high-quality, experienced and committed leader.
“For the past 10 years, I’ve been privileged and proud to contribute to MinRes’ growth,” McClements said.
“I am confident this company has the assets, people and strengthened governance structures in place to take full advantage of its next chapter, creating leading, long-term returns for shareholders.”
McClements said Bundey was the Board’s unanimous first choice.
“His temperament, extensive experience leading founder-led businesses and focus on commercial outcomes backed by robust internal governance will help MinRes capitalise on the many opportunities ahead.”
For more information, please refer to the ASX announcement.
