Paladin Energy picks COO Paul Hemburrow as new CEO, Ian Purdy departs
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The news: Uranium miner Paladin Energy has appointed chief operating officer Paul Hemburrow as its new managing director and CEO, effective 1 September.
The company said current CEO Ian Purdy will remain available to assist the board and executive team until the end of his notice period in mid-December.
The context: Hemburrow has served as Paladin's COO since 2023, following general manager roles at mining giants Rio Tinto and BHP, and rail freight operator Aurizon.
Paladin said Hemburrow will join the company's board, which will be expanded in the future with a Canadian resident director. Paladin began trading on the Toronto Stock Exchange in December after completing its acquisition of Canadian miner Fission Uranium.
Paladin said it is currently undertaking an international search for a new COO.
What they said: "The board is pleased to appoint Paul as the stand-out executive in our sector who has the leadership attributes, technical skills and uranium knowledge to capitalise on the opportunities that Paladin has within its global asset portfolio," said Paladin chair Cliff Lawrenson.
"On behalf of the board, I thank Ian for his many achievements leading Paladin since 2020 and the considerable effort he has devoted to the company."
Outgoing CEO Ian Purdy said: "I am proud to be transitioning the leadership of Paladin at a time when the company has been transformed into a global producer delivering much needed uranium into international markets."
The source: ASX
