StockMarketWire.com - Shanta Gold announced the following changes to the senior management team. Scott Yelland was promoted to Chief Operating Officer (COO) and Luke Leslie appointed as Interim Chief Financial Officer (CFO), effective 11 September 2017. Honest Mrema was promoted to General Manager (GM) of New Luika Gold Mine (NLGM). HIGHLIGHTS: - Senior management of the company unanimously endorsed an average 15% reduction in gross cash salaries, which is in addition to the shares for cash fee sacrifice that the Board of Directors announced in June 2017 - The Executive Committee agreed to discretionary pay in the form of Shanta Gold shares, previously cash, to increase alignment with shareholders - The company's Executive Committee now includes a higher representation of senior Tanzanian management with strong government relations The above changes ensure continuity in delivering the operational consistency and improvements at NLGM that have been achieved since 2015 while solidifying the financial and commercial capability of the company. Shanta is now better positioned with highly qualified Tanzanian individuals in senior management positions assisting with in-country relations across all levels of government. The changes to the remuneration structure reflect the company's ongoing initiatives to reduce fixed costs while realigning incentives for senior management to drive shareholder value. Story provided by StockMarketWire.com