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- Suvo Strategic Minerals (SUV) appoints Hugh Thomas as its newest CEO, effective from April 1
- Mr Thomas has more than 35 years of industry experience, including roles at JP Morgan, Morgan Stanley, Investec Bank and Deloitte
- Suvo executive directors Aaron Banks and Henk Ludik have been made interim non-executive Chairman and non-executive director, respectively
- New interim Chairman Mr Banks says Mr Thomas brings “a strong blend of corporate and operational expertise” to the table
- Shares in SUV are up 12.8 per cent, trading at 4.4 cents at 1:16 pm AEDT
Suvo Strategic Minerals (SUV) has appointed Hugh Thomas as its newest CEO, effective from April 1.
Mr Thomas has more than 35 years of industry experience, including roles as Managing Director and Head of Asia Pacific Natural Resources for both JP Morgan and Morgan Stanley, Head of Natural Resources Investment Banking at Investec Bank in Sydney and as a Partner at Deloitte.
He has also held management and board positions with Robust Resources, Indochine Mining, NT Minerals and International Base Metals.
“Hugh has a successful track record in the natural resources sector and brings to the company a strong blend of corporate and operational expertise,” Suvo Interim Non-Executive Chairman Aaron Banks said.
“Our ability to attract Hugh is a testament to the quality of our Pittong operation and wider portfolio of assets, and he joins Suvo with a clear vision to capitalise on the work completed to date, at a time when global demand for hydrous kaolin and silica sand is continuing to strengthen.”
The appointment follows the successful Pittong plant upgrade and commissioning, bolstering a nameplate processing capacity of around 60,000 tonnes per annum of hydrous kaolin.
Additionally, the company announced further board changes, including Mr Banks’ move to Interim Non-Executive Chairman and Henk Ludik’s to Non-Executive Director.
Suvo said the appointment of Mr Thomas as CEO rounded out a “highly capable, dedicated and experienced team”.
Shares in SUV were up 12.8 per cent and trading at 4.4 cents at 1:16 pm AEDT.
