- Kaolin and silica sands explorer Suvo Strategic Minerals (SUV) has appointed Len Troncone as Chief Operating Officer and Chief Financial Officer
- Len is already serving as Suvo’s current director but will take on the new COO and CFO roles from Thursday
- The new chief brings a wealth of experience to the roles, having spent 40 years working in the mining, oil and gas, engineering and other industries
- Suvo also credited Len for helping the business acquire Imerys’ Australian kaolin operations — taking SUV from an explorer to developer
- Shares in SUVO Strategic Minerals are up 3.33 per cent at 15.5 cents each
Suvo Strategic Minerals (SUV) has appointed Len Troncone as the company’s new Chief Operating Officer and Chief Financial Officer.
Len had previously served as the kaolin and silica sands explorer’s director but will take on the new COO and CFO roles from Thursday.
The new chief will bring a wealth of experience to the roles, having spent 40 years working in the mining, oil and gas, engineering and other industries.
He’s also had extensive involvement in initial public offerings (IPO), capital raisings and arranging debt facilities throughout his career.
Suvo’s Executive Chairman Robert Martin said the new COO and CFO played a crucial role in helping the business acquire Imerys Australian kaolin operations.
“Len’s operational and financial management experience will play a big part in Suvo’s future development,” Robert explained.
“Len played an integral role in negotiating the acquisition of Imerys’ Australian kaolin operations and as the company is now transitioning from an exploration company to an active mining and production enterprise, the board believes its the appropriate time to appoint Len full time to these key executive roles,” he said.
The new executive will receive a base annual salary of $220,000 per annum, plus
super, and also be allowed to take part in any incentive plans.
Shares in SUVO Strategic Minerals are up 3.33 per cent at 15.5 cents each at 3:22 pm AEDT.