- Aus Tin Mining (ANW) appoints Peter Westerhuis as its new CEO
- Effective from May 17, the mining executive will join the company to lead the initiatives and work programs for its Australian coal and base metal projects
- Mr Westerhuis is on a two year contract and will receive a $350,000 yearly pay packet, inclusive of superannuation
- Given his prior experience in senior executive roles over the last 20 years, ANW’s Chairman Brian Moller says the company is in “safe hands” with its new CEO
- Shares have been trading grey at 0.1 cents at 10:30am AEST
Aus Tin Mining (ANW) has appointed Peter Westerhuis as its new CEO.
Effective from May 17, the mining executive will join the company to lead the initiatives and work programs for its Australian coal and base metal projects.
Mr Westerhuis will receive a $350,000 yearly pay packet inclusive of superannuation, as well as 40 million options at an exercise price of 0.2 cents, exercisable on or before June 30, 2025.
The employment term is for two years, with the incoming CEO will be required to serve a four month probation period.
The incoming CEO brings with him experience focusing on resource development, operations turnarounds and business growth. He previously held roles including CEO of Batchfire Resources, GM Operations and subsequently the CEO of Ensham Resources and currently non-executive Chairman of Bathurst Resources (BRL).
Given his prior experience in senior executive roles over the last 20 years, ANW’s Chairman, Brian Moller said the board believes the company is in “safe hands” with Mr Westerhuis at its helm.
“Peter has successfully taken numerous resource projects along the development pathway from strategic exploration programs to feasibility studies, the EIS process, approvals, financing and on to construction and operations,” Mr Moller said.
“With Peter at the helm, the board is confident the company will be in safe hands as we continue the initiatives already underway to take the company forward based primarily on the continued progress and development of our Australian coal and base metals projects.”
Company shares were trading grey at 0.1 cents at 10:30am AEST.