Join our daily newsletter At The Bell to receive exclusive market insights
- EV Resources (EVR) appoints Hugh Callaghan as the new Managing Director
- Mr. Callaghan brings a wealth of experience in operating in Latin America and has a strong track record in the mining industry
- His appointment will play a crucial role in advancing the company’s exploration activities across its portfolio of copper assets in the Americas
- The agreement is for a three-year term and includes an annual fee of $240,000
- EVR shares are up 8.33 per cent, trading at 1.3 cents
EV Resources (EVR) has appointed Hugh Callaghan as the company’s new Managing Director.
The company told investors Mr Callaghan has “extensive experience” and expertise in operating in Latin America, with this appointment marking the next step in the company’s growth and exploration activities.
Mr. Callaghan previously held management positions at Escondida in Chile and served as the CEO of an ASX-listed company. In the role he oversaw the development of a 3000 tonnes per day (tpd) operating mine in Chile. More recently, he played a pivotal role in building a silver zinc and lead mine in the region.
“We are delighted that Hugh has accepted to become Managing Director of the company,” EV Resources Executive Director Adrian Paul said.
“Hugh’s extensive experience in Latin America will be vital for the company as we look to progress exploration activities across our portfolio of copper assets in the Americas.”
Under the terms of the agreement, Mr. Callaghan’s tenure as Managing Director will span a period of three years.
Both the company and the Managing Director have the option to terminate the agreement with a notice period of not less than six months. In recognition of his role, Mr. Callaghan will receive an annual fee of $240,000.
EVR shares were up 8.33 per cent, trading at 1.3 cents.
