Join our daily newsletter At The Bell to receive exclusive market insights
- Liontown Resources (LTR) has appointed Tony Ottaviano as Chief Executive Officer and Managing Director, effective from May 2021
- The new CEO will receive a fixed annual remuneration of $575,000 per annum, inclusive of superannuation
- Tony Ottaviano previously served as a Program Director for BHP Limited (BHP) and in executive roles at Rio Tinto (RIO) and Wesfarmers (WES).
- Ottaviano succeeds David Richards, who will now transition to the newly created role of Technical Director
- Shares remain in the grey, last trading at 41 cents each
Liontown Resources (LTR) has appointed Tony Ottaviano as Chief Executive Officer and Managing Director of the company, effective from May 2021.
The new CEO will receive a fixed annual remuneration of $575,000 per annum, inclusive of superannuation.
Tony Ottaviano previously served as a global mining executive for two of the world’s largest mining companies, BHP and Rio Tinto, and comes with strategic, operational, commercial and corporate experience.
Tony Ottaviano will oversee the company’s next phrase as it begins the financing and development of a major new lithium mine at its Tier-1 Kathleen Valley lithium-tantalum project in Western Australia.
“I was attracted to Liontown because of the exciting opportunity to build a world-class battery metals business that can play a meaningful role in the impending global energy transformation,” said Ottaviano.
“As a Tier-1 lithium asset with world-class scale and economics, Kathleen Valley is uniquely placed to meet growing demand for battery raw materials, both as a low-cost spodumene producer and as a potential participant in the high-value downstream segment of the lithium raw materials supply chain.”
Ottaviano succeeds David Richards, who will now transition to the role of Technical Director, where he will steer the company’s early-stage exploration projects outside of Kathleen Valley, such as the Moora gold-nickel-copper project in WA’s Julimar Region.
“With Tony at the helm, I have every confidence that Liontown will be in very safe hands as we make the all-important transition from explorer-developer to mid-tier mining company. We are absolutely delighted that he has agreed to take up this opportunity,” said Liontown Chairman, Tim Goyder.
Shares remain in the grey at 9:20 am AEDT and last traded at 41 cents per share.
