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Lotus Resources (ASX:LOT) appoints Eduard Smirnov as Managing Director
  • Lotus Resources (LOT) has appointed Eduard Smirnov as Managing Director, effective immediately
  • He will take over from current CEO Simon Andrew
  • Previously, Eduard was CEO of Uranium One in Ontario, and in this role, he was responsible for the exploration, development and production of uranium in multiple countries around the world
  • Before joining Uranium One, Eduard held senior positions at Royal Bank of Canada's Strategy and Transformation Group and KPMG's Corporate Finance Group
  • Lotus is up 4.55 per cent and shares are trading for 6.9 cents each just before market close

Lotus Resources (LOT) has appointed Eduard Smirnov as Managing Director effective immediately.

Previously, Eduard was CEO of Uranium One in Ontario Canada from 2016 to 2019, and in this role, he was responsible for the exploration, development and production of uranium in multiple countries around the world.

Prior to this, he was Manager of the company's Corporate Development and Corporate Projects Divisions from 2013 to 2016.

Before joining Uranium One, Eduard held senior positions at Royal Bank of Canada's Strategy and Transformation Group and KPMG's Corporate Finance Group.

"The past several years have been challenging for our industry, yet this is an exciting time to be joining the company," Eduard commented.

"The world is noticing that the uranium supply-demand gap is widening, providing what I believe to be a rare window for planning new mine supply as we enter a new decade," he said.

"Lotus has put a strong board in place last week and I'm grateful for the opportunity to work with the board and the rest of the Lotus team in building a new uranium supplier," he added.

Eduard will replace current CEO, Simon Andrew.

Simon has extensive experience in both the Australian and Asian financial markets, having spent six years covering the Asian refining sector for a European investment bank.

"We are delighted at Eduard's appointment and are confident that Lotus will continue to build value under his capable leadership," Chairman and Non-Executive Director John Sibley said.

"Eduard has extensive knowledge of the uranium industry and a clear track record of success in leading one of the world's top five uranium producers," he added.

Lotus is up 4.55 per cent and shares are trading for 6.9 cents each just before market close.


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