Runge Limited announced that for personal reasons Mr. David Meldrum has stood down as the company's managing director and chief executive officer. Mr. Richard Mathews, presently a non-executive director of the company has been permanently appointed to both the MD and CEO roles effective immediately. Mr. Meldrum will remain with the company in the role of general manager, Australia.

The appointment and resignation will effective from August 28, 2012. Richard Mathews has extensive experience in the mining and technology space having previously been CEO of Mincom. He was appointed to the Runge Board in February 2012 and since his appointment has gained an in-depth understanding of its business activities, its market positioning and future potential.