International Graphite Ltd (ASX:IG6) has tapped non-executive director Andrew Worland to take on the role of managing director and CEO, having worked with the company since he was invited to the board in 2019.
The move comes as founder and executive chair Phil Hearse begins the transition to a non-executive role in the first quarter of next year, having developed IG6 from the ground-up since 2018.
Hearse intends to focus his attention and expertise on the company’s Collie downstream processing facility, specifically the metallurgy, technology development and process design for the operation.
“I am thrilled Andrew has agreed to take a full-time role with the company,” Hearse said.
“Andrew has been intimately involved in the development of International Graphite since I asked him to join the board in May 2019, providing strong strategic, corporate and financial guidance to the company.
“We are moving now to strengthen our management team to implement our vision of becoming Western Australia’s first vertically integrated graphite company supplying battery anode materials for the lithium-ion battery market.”
Andrew Worland.
Capitalising on the energy transition
“I thank the International Graphite board for the opportunity to lead the company,” incoming managing director and CEO Andrew Worland said.
“We are in the midst of a global critical minerals-led energy transformation and battery minerals are at the forefront of it.
“Phil has built a great team and together with our shareholders and stakeholders we have created a unique opportunity to capitalise on the opportunities this transformation is presenting.”
Worland is a mining executive and experienced ASX/TSX director with 25 years of experience working in senior finance, corporate and project management and marketing roles in the Western Australian mining sector.
He will receive cash consideration of $300,000 per annum, with additional performance rights based on development milestones.