29Metals managing director and chief executive officer (CEO) Peter Albert will retire from his role on April 30 2024, as part of the company’s new transition plan.
“It has been an honour to serve as the managing director and CEO of 29Metals,” Albert said.
“The operating teams, the executive and the board have all been tremendously supportive through the formation and development of the company.
“There is much to do in this transition period, and that is our absolute focus, restoring the platform to take the company forward to realise and build on its potential. I have great confidence in 29Metals’ future and look forward to watching its future success.”
Albert’s desire to move into the next phase of his career was cited as the reason for his upcoming departure. As a result, 29Metals has begun searching for its next managing director and CEO.
“The board, together with Peter, felt now was the right time to commence the transition, with a new managing director and CEO to come in and take 29Metals forward,” 29Metals chair Owen Hegarty said.
“In parallel to our search for the new managing director and CEO, Peter will continue to lead the company during the transition period, with the full support of the board and the team at 29Metals, focusing on the successful completion of the Capricorn Copper recovery, securing key regulatory approvals and delivering our plans at Golden Grove.”
Hegarty wished Albert well for the future.
“Peter’s contribution cannot be understated – he led 29Metals through its formation and successful IPO (initial public offering), the unprecedented challenges of the (COVID-19) pandemic and external market conditions over the past two years, and then the extreme weather event at Capricorn Copper this year,” he said.
“Peter’s commitment and leadership throughout are greatly appreciated and acknowledged by the board.”
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