Lithium and tantalum producer Pilbara Minerals has announced that managing director and CEO Ken Brinsden will step down from his position by the end of 2022.
Brinsden said he believed it was the right time for him to step back after what will be approximately seven years in the role as CEO. The decision is motivated by his desire to be able to spend more time with his family and to pursue personal interests after a lengthy career at senior executive levels, within listed companies in the Western Australia resource sector.
“After many exhilarating and, at times, challenging years at the helm of Pilbara Minerals, the company is now in an excellent position with a strong balance sheet, strong cash-generating capacity from our flagship asset and an exciting suite of growth projects,” Brinsden said.
Brinsden oversaw a number of strategic initiatives, including a pivotal debt refinancing and the Altura Lithium acquisition.
Pilbara Minerals has appointed Derwent Executive to conduct the executive search and expects to make an announcement in Q3 2022 regarding Brinsden’s successor.
Source: Pilbara Minerals