Core Lithium appoints ex-MinRes exec Paul Brown as CEO
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The news: Core Lithium has appointed former Mineral Resources and Fortescue executive Paul Brown as its chief executive.
The numbers: Brown has been CEO of rare earths mining company Hastings Technology Metals since September 2023, following eight years at MinRes. Prior to that, he worked at fellow WA metal miner Fortescue.
His contract includes a fixed remuneration of $602,500 per year, plus an annual short-term incentive opportunity of up to $361,500, and long-term incentive of $482,000 per year.
The context: Core said Brown will start in the role on 4 June, following the departure of its previous CEO Gareth Manderson, who left the company in March.
Interim CEO Doug Warden, who has led the Core over the last three months, will leave the miner in early July, and be replaced in his permanent post of chief financial officer by group financial controller James Virgo.
What they said: Core's chair Greg English said: "The board's priorities in selecting a new CEO were identifying someone with lithium mining experience who will consider all options for the restart of mining operations to guide Core's activities in response to the low price lithium environment".
The source: ASX announcement
