Zinifex hunts for new chief as Gailey prepares to exit

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http://www.theaustralian.news.com.au/story/0,20867,21609732-643,00.html
Zinifex hunts for new chief as Gailey prepares to exit    * Andrew Trounson
    * April 24, 2007LEAD and zinc giant Zinifex is on an urgent search to replace long-time chief executive Greig Gailey, who yesterday announced he planned to retire before the end of the year.
Mr Gailey, 61, is expected to stand down once Zinifex completes a multi-billion-dollar deal to sell its metal smelters and refiners into a joint venture with Belgium-based Umicore in September 2006.The new London-based smelting business, to be named Nyrstar, is expected to be spun off and listed in Europe, with Zinifex tipped to reap around $2 billion in proceeds.The incoming cash, coupled with Zinifex's focus on mining assets, is likely to make it a prime takeover target in a market where new zinc production is thin on the ground. And if Zinifex is to defend any unwanted approach it will need a new CEO in the chair as soon as possible to set out an

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