- St Barbara (SBM) appoints Dan Lougher as Managing Director and CEO, effective November 28
- He will succeed Craig Jetson who resigned from the post but will remain in the company for a few weeks after the effective date to ensure an orderly handover to Mr Lougher
- Mr Lougher was most recently MD and CEO of Australian nickel miner Western Areas, a role he has held since 2012 until the $1.3 billion takeover by IGO in June
- The company says Mr Lougher’s initial priority is to ensure the delivery of the FY23 Gwalia business plan and budget, and unlock the “significant value” of the Leonora Province Plan
- Shares in St Barbara are up 2.54 per cent, trading at 60.5 cents at 1:13 pm AEDT
St Barbara (SBM) has appointed Dan Lougher as Managing Director and CEO, effective November 28.
He will succeed Craig Jetson who resigned from the post for undisclosed reasons but will remain in the company for a few weeks after the effective date to ensure a comprehensive and orderly handover to Mr Lougher.
Mr Lougher has a wealth of underground mining experience gained in deep level underground mines in both South Africa and Australia.
He was most recently MD and CEO of Australian nickel miner Western Areas, a role he has held since 2012 until the $1.3 billion takeover by IGO in June this year.
At Western Areas, he managed the construction of the Flying Fox mine and Cosmic Boy concentrator. The operation is still delivering today, 17 years after being commissioned.
Additionally, he initiated another growth phase for Western Areas with the strategic acquisition of the Cosmos Nickel Operations in 2015.
“Dan has a distinguished career spanning 40 years, and has established industry leading credentials for the development and operation of large-scale mining assets in the base and precious metals sector,” Non-Executive Chair Tim Netscher said.
“He has successfully built multiple mines, managed all facets of project development from resource definition, feasibility studies, project financing, mine construction and the negotiation of off-take contracts,” Mr Netscher added.
St Barbara said the incoming MD and CEO’s initial priority will be to oversee the delivery of the FY23 Gwalia business plan and budget, as well as unlocking the “significant value” of the Leonora Province Plan.
Mr Lougher’s remuneration package includes a $750,000 salary, including superannuation and salary sacrifice benefits.
Shares in St Barbara were up 2.54 per cent, trading at 60.5 cents at 1:13 pm AEDT.