Critical Resources (CRR) has appointed a highly experienced executive as its new Managing Director.
Alex Cheeseman held the role of Non-Executive Director at the company since the start of this year and has held the role of CEO at Morella Corporation (1MC) since April 2021.
The appointment follows a wide-ranging global executive search process which was initiated in July 2022.
Critical said Mr Cheeseman was selected due to his “exceptional” lithium industry experience, proven leadership skills, and clear vision to take Critical Resources from explorer to producer.
The appointment comes with a salary package of $391,500 per annum, with a short term incentive of up to 60 per cent of his total remuneration, subject to annual performance hurdles.
Critical Resources Chairman Robert Martin said it’s a pleasure to welcome Alex to the full time roll as Managing Director.
“Since joining the company in January, Alex has been influential in developing a robust corporate strategy, orientating the company to focus on lithium and taking initial steps to transition from explorer to producer,” Robert Martin said.
“With Alex’s project delivery experience, and his exceptional global network throughout the lithium supply chain, we are extremely fortunate to have secured someone with both his industry experience and broader corporate leadership abilities.”
Alex Cheeseman will join the board from October 10, after finishing up with Morella on October 7.
Critical Resources was trading steady at 7.9 cents at 11:57 am AEST.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.