Andromeda Metals Ltd (ASX:ADN, OTC:ANDMF) has strengthened its board through the appointment of highly experienced senior mining and minerals sector executive Jean-Dominique (JD) Sorel as a non-executive director of the company.
Sorel has more than 45 years of experience across company leadership, operations, commerce and marketing, and has extensive experience in global metals and industrial minerals markets.
Traxys involvement
He was previously chief operating officer at Traxys Sarl, an organisation that he led, developed and helped grow over a period of 16 years.
Among other achievements, he developed substantial base metals and industrial mineral activities for Traxys.
Andromeda recently signed a binding offtake agreement with Traxys for purchases of Great White CRM™ and Great White HRM™ of up to 50% of total production from the company's Great White Project (GWP) in South Australia.
READ: Andromeda Metals higher on signing binding offtake agreement for kaolin supply with Traxys Europe
Invaluable addition
Andromeda’s executive chair Sue-Ann Higgins said: “The company warmly welcomes JeanDominque to the board. His extensive experience across global industrial minerals markets will be an invaluable addition to the board.
“This appointment is yet another sign of the growing strategic partnership between Traxys and Andromeda, as we continue advancing the Great White Project towards a final investment decision.”
Highly experienced
Sorel, who lives in Luxembourg, is currently a director of Traxys Europe S.A. and was previously a director of Traxys UK Ltd and the Société Luxembourgeoise de Commerce International S.A.
Additionally, he was the Traxys Legal representative for the group companies in China and Hong Kong.
Before joining Traxys, Sorel also held the following executive positions:
- President of Metaleurop S.A., heading the company and managing its commercial activities including the purchase of lead and zinc concentrates and sales of zinc, lead and silver doré);
- Usinor Group (now ArcelorMittal), where he ran the ferro-alloys and non-ferrous metals purchasing desk; and
- Finance director at Amax, Europe SA., which included monitoring the nickel ore properties in New Caledonia and the sale of Mt Newman iron ore in Europe and the Middle East.
Sorel graduated from Columbia University (NY) with a Bachelor of Sciences and an MBA.
Perrin to step down
As a result of this appointment, Austen Perrin has elected to step down from the board at the end of January 2025, to ensure an orderly transition and to keep the size of the board appropriate to the size and position of the company.
“We also thank Austen for his contribution to the company during his tenure as a non-executive director, particularly for his additional efforts during the period the company was without a CFO,” Higgins added.
“We wish Austen all the best with his future endeavours.”