Andromeda Metals Implements Organizational Changes for Long-Term Success
Andromeda Metals Limited (ASX: ADN), a mining company, has announced a series of executive changes as part of a review of its organizational structure. The review was conducted following a strategic review of the company's corporate positioning and business strategy.
Streamlining Roles for a Sustainable Business Foundation
As a result of the organizational review, Andromeda has decided to consolidate roles within the company. This move aims to simplify the company's structure and create a more sustainable business foundation before making a final investment decision (FID). James Marsh, who held the position of Sales and Marketing, and Tim Anderson, the Chief Commercial Officer, will depart from the company on November 17, 2023.
CEO and Managing Director to Oversee Functions Temporarily
During the transition period, the functions previously handled by James Marsh and Tim Anderson will be led by CEO and Managing Director, Bob Katsiouleris. The company is actively searching for an appropriate candidate who can fulfill both roles.
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It is expected that a new candidate will be found by early 2024.
Expressing Gratitude to Departing Executives
The Board of Andromeda Metals would like to thank James Marsh and Tim Anderson for their commitment and dedication in contributing to the company's progress. Their efforts have been instrumental in bringing the company to its current advanced stage.
Building a Strong and Sustainable Foundation
Bob Katsiouleris, CEO & Managing Director of Andromeda, commented on the changes, stating that they are aimed at streamlining the business and establishing a solid and sustainable foundation for long-term success. While the company undergoes these organizational changes, it continues to make progress in advancing The Great White Project. This includes refining development and funding plans, with an anticipated final investment decision on the horizon.
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