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Highlights
- Pilbara began trading on a positive note on Thursday morning after closing almost 22% lower on the previous day.
- The reason behind the share price push was the appointment of a new Managing Director and CEO.
- Dale Henderson, the COO of Pilbara Minerals, has been appointed as the MD and CEO of Pilbara.
The shares of Pilbara Minerals Limited (ASX:PLS) were spotted trading 1.304% higher at AU$2.330 per share at 11:45 AM AEST on the ASX today (2 June). Pilbara Minerals grabbed investors’ attention today, as more than 45 million shares of the company were traded in the short span of time after the ASX opened for trading on Thursday morning.
The ASX-listed lithium producer announced the appointment of Dale Henderson as the new Managing Director and CEO of the Company. Henderson is a highly experienced executive in the mining and resource sector.
The share price of Pilbara Minerals has gained 78.46% on the ASX over the past 12 months. On the other hand, Pilbara Minerals’ year-to-date share price fell 34.09% (as of 11:54 AM AEST on the ASX today, 2 June).
Why are Pilbara Minerals’ shares trading in green today?
The recent update by Pilbara Minerals about the appointment of a new Managing Director and CEO could be the reason behind the company trading in green on Thursday morning.
On 1 June 2022, Pilbara shared an update that the company has appointed Dale Henderson as the Managing Director and CEO of the Company. Henderson was already holding the position of Chief Operating Officer (COO) at the Pilbara Minerals since 2017.
Henderson was made the Managing Director and CEO of Pilbara after a thorough search process since February 2022 after Pilbara’s current Managing Director, and CEO Ken Brinsden decided to step down from his position.
Image source: © Tomislavz | Megapixl.com
Henderson was chosen to replace Ken Brinsden among a pool of outstanding candidates because of his experience in the lithium industry, leadership skills, strong cultural values, work ethics, and his knowledge about the future of the lithium industry.
Pilbara Minerals’ Chairman, Tony Kiernan, said:
Meanwhile, Brinsden will formally step down from his position on 30 July 2022. Yet he will continue to work closely with Henderson over the next two months to ensure a smooth and effective transition.
Furthermore, Henderson was also responsible for overseeing operational developments at the Pilgangoora Project, followed by initial commissioning and ramp-up challenges. He also helped the company to implement the acquisition strategy for the adjacent Ngungaju Plant and establish a long-term growth profile for the Pilgangoora Project.
Also read: Pilbara Minerals (ASX:PLS) sheds off more than 22%; here's why
About Pilbara Minerals:
Image Source © 2022 Kalkine Media ®
Pilbara Minerals Limited is a leader in the Australian lithium industry, owning world’s largest independent lithium operations. The company was incorporated in the year 2005, with its headquarter in West Perth. At present, Pilbara Minerals holds a market capitalisation of AU$6.84 billion.
