Cobre Ltd (ASX:CBE) has welcomed new chief executive officer Adam Wooldridge to the team effective today.
Wooldridge is highly familiar with the company, having served as CEO of Cobre’s wholly-owned subsidiary Kalahari Metals Ltd, and has been instrumental in Cobre’s recent consolidation of 100% ownership of KML, of which he is a founding partner.
He has played an active role in developing KML’s exploration projects over the last five years.
Highly experienced addition
Wooldridge is an experienced geophysicist and geologist with more than 25 years of experience in Africa, the Middle East and Europe.
He has worked in exploration management and consulting positions across a variety of deposit types including base and precious metals and is a former partner of NRG Geophysical Surveys and was previously employed by BHP (ASX:BHP) working in the Kalahari Copper Belt (KCB).
In light of the appointment, Martin Holland will transition from managing director and executive chairman to executive chairman only.
Holland, who founded Cobre, has played a key role in Cobre’s growth and will continue to play an active and strategic role.
He has spent the last four years transitioning and establishing Cobre as a leading copper-focused exploration company with high-quality, global copper assets, whilst building a strong board, technical and management team.
“We’re delighted to announce the appointment of Adam as the new CEO of Cobre, who will be joining our senior management team,” Holland said.
“With his proven track record in Africa, and specifically Botswana, Adam’s appointment represents a strong combination of bringing together the right person, at the right place, at the right time.
"As I transition from executive chairman and managing director to executive chairman only, I look very forward to continuing this exciting journey alongside Adam as we collectively grow the company from strength to strength.
“This is another highly strategic appointment and our focus remains on unlocking significant value in the Kalahari Copper Belt in Botswana.”
Wooldridge said: “With the ongoing exploration success we are having in Botswana, I am both honoured and excited to be joining Cobre as the new CEO. I have enjoyed my time as CEO of KML and look forward to contributing on a much broader, strategic level now that I am embedded within the senior management team as Cobre’s CEO.
“The relationship I have with the Cobre board and management team has been very rewarding and sets a strong foundation for future success. I look forward to continuing to work together as we develop this exciting and emerging new copper district in the KCB.
“In conjunction with the highly focused technical team appointed in the middle of this year, as well as a strong and aligned senior management team, I strongly believe we have all of the right ingredients for further exploration success.”