Salt Lake Potash (ASX:SO4) appoints new CEO

• Salt Lake Potash (SO4) appoints Isak Buitendag as its new CEO, effective from November 15
• The year-long contract comes with a $400,000 salary, along with short and long-term incentives upon hitting significant milestones
• The company says it looks forward to Mr Buitendag’s leadership bringing its Lake Way Project in WA into a sustainable, profitable operation
• Salt Lake Potash last traded at 31 cents on September 10

Salt Lake Potash (SO4) has appointed a new CEO to take the helm of the company, effective from November 15, 2021.

Isak Buitendag will be taking the reins, following resignation from his position as General Manager of Transformation at Kazakhstan’s Kazzinc, a company almost 70 per cent owned by Glencore. However, the appointment is subject to the re-quotation of the SO4’s s securities on the ASX.

Prior to the appointment, Mr Buitendag worked in numerous executive roles within the mining industry in Australia, Kazakhstan and Africa, including BHP and Fortescue.

The year-long appointment comes with a $400,000 salary, along with short and long-term incentives upon hitting significant milestones.

The news follows outgoing Chief Executive Officer, Tony Swiericzuk’s resignation, after first joining the company November 2018. Mr Swiericzuk will continue as a board member and consultant to ensure a smooth transition to the new CEO.

Salt Lake Potash have backed its new appointment, saying Isak Buitendag’s skills and reputation as a disciplined operator and manager will serve shareholders well.

“I’m excited to be joining SO4 at such a critical stage of its development and look forward to working with the team to deliver Lake Way and grow the business into a meaningful player in the global SOP market,” said the incoming CEO.

The company said it looks forward to Mr Buitendag’s leadership bringing the Lake Way Project in the Goldfield’s region of WA into a sustainable, profitable operation.

Salt Lake Potash last traded at 31 cents on September 10.