Join our daily newsletter At The Bell to receive exclusive market insights
- Core Lithium (CXO) has appointed Gareth Manderson as its new CEO
- The former General Manager in Sustaining Capital at Rio Tinto will take over on August 8, replacing Stephen Biggins who resigned as Managing Director of Core in March
- The incoming CEO has 28 years’ experience in mining and minerals sectors, and has served in various leadership and technical roles within Rio Tinto for over 22 years
- Given his experience, CXO Chairman Greg English says Mr Manderson is a “perfect fit” as the company’s first CEO as its Finniss lithium project moves from construction to operation
- Core shares are up 2.48 per cent, trading at $1.24 at 10:57 am AEST
Core Lithium (CXO) has appointed Gareth Manderson as its new CEO.
The former General Manager in Sustaining Capital at Rio Tinto will take over from Stephen Biggins who resigned as Managing Director of Core in March.
The new position will be effective from August 8 and in the meantime, Mr Biggins will continue as a director until the changeover is complete.
The incoming CEO has 28 years’ experience in mining and minerals sectors, and has served in various leadership and technical roles within Rio Tinto for more than two decades.
Prior to his time as General Manager in Sustaining Capital, Mr Manderson held various senior leadership roles within Rio Tinto’s aluminium division.
He led Rio Tinto Aluminium’s business in British Columbia where he oversaw the operations of the Kitimat Smelter, Kemano Power Generation Facility and the Nechako Watershed.
Given his experience, Core Chairman Greg English said Mr Manderson is a “perfect fit” for Core’s first CEO as the company’s Finniss lithium project moves from construction to operation.
“There are many synergies between Gareth’s previous senior roles in managing complex mine, mineral processing, port, township and logistics operations during his tenure at Rio Tinto and the Finniss Project which is 25 kilometres from the Darwin CBD and port.
“Gareth’s previous Northern Territory experience and managing the effects of the annual wet season will also be essential as we plan to be operating in this environment for years to come,” Mr English said.
In joining Core, Mr Manderson will receive a total fixed remuneration of $718,250, comprising a base salary of $692,958.
He is also eligible for short term and long term incentives up to 50 per cent of his base salary.
Core shares were up 2.48 per cent and were trading at $1.24 at 10:57 am AEST.
