Business
Sherritt Announces Leadership Transition
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from Sherritt International Corporation
[{"type":"text","content":"Sherritt Announces Leadership Transition\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n\n\n Sherritt International Corporation (“\n \n Sherritt\n \n ” or the “\n \n Corporation\n \n ”) (TSX:S) today announced that Leon Binedell has stepped down as Sherritt’s President and Chief Executive Officer and as a director of the Corporation, and that Dr. Peter Hancock has been appointed interim Chief Executive Officer, effective immediately.\n \n\n Since his appointment in June 2021, Mr. Binedell has guided Sherritt through one of its most challenging periods and overseen progress on several key strategic initiatives, including the expansion of the Moa Joint Venture, implementation of the Cobalt Swap agreement, optimization of the Power division and completion of the debt and equity transactions earlier this year.\n \n\n “On behalf of the Board, I want to thank Leon for his dedicated service advancing important strategic initiatives during his tenure, positioning Sherritt for its next phase. We wish him all the best in his future endeavours,” said Brian Imrie, Chair of the Board. “I also want to thank Dr. Hancock for taking on the interim position. His deep familiarity with Sherritt’s operations and decades of experience as a mining executive will ensure a smooth transition as the Board conducts a thorough search for our next leader.”\n \n\n Dr. Hancock is a seasoned mining industry executive with more than 35 years of experience with Glencore plc, including overseeing nickel mining operations and developing and commercializing process technologies. He has served as an independent director of Sherritt since November 2021.\n \n\n The Board has formed a special committee, chaired by Mr. Imrie, to oversee a comprehensive search for a permanent Chief Executive Officer, which will include consulting with shareholders and other stakeholders, and working with an executive search firm to help identify qualified candidates.\n \n\n\n About Sherritt\n \n\n\n Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Leveraging its technical ...