Pilbara Minerals CFO Luke Bortoli resigns
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The news: The chief financial officer of lithium miner Pilbara Minerals, Luke Bortoli, has resigned to “pursue other opportunities”, according to a company announcement to the ASX.
The numbers: Pilbara’s share price has been struggling as global lithium oversupply has weighed on sale prices. The stock last closed at $1.14, which is down 70.2% over the last 12 months.
The context: Bortoli will remain in the role while Pilbara searches for a new chief financial officer.
He joined Pilbara as chief financial officer in April 2023 after previously serving in the same role at buy now, pay later business Afterpay and gambling giant Aristocrat. He has also previously worked as a company adviser and as UBS’ director for investment banking.
What they said: “Luke has played a key role in strengthening our financial and operational platform during a period of significant growth and transformation,” Pilbara managing director and CEO Dale Henderson said.
“Notable achievements include securing the company’s $1 billion revolving credit facility and supporting the successful acquisition of Latin Resources, among other major milestones.”
The source: ASX
