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- Monger Gold (MMG) appoints experienced lithium professional Adam Ritchie as its new Chief Executive Officer
- The incoming CEO was previously Project Director of Pilbara Minerals’ (ASX:PLS) flagship Pilgangoora lithium project in Western Australia
- Before his time at PLS, Mr Ritchie held positions at resources companies including FMG, Rio Tinto and BHP spanning over 20 years
- The appointment comes as the company moves in on the development of its Scotty lithium project located in Nevada, a venture Mr Ritchie says attracted him to MMG
- Company shares are up 12.5 per cent, trading at 22.5 cents at 2:47 pm AEST
Monger Gold (MMG) has appointed experienced lithium professional Adam Ritchie as its new Chief Executive Officer.
Following a global search, MMG said Mr Ritchie was selected for the role due to his knowledge of the lithium sector as well as his experience in developing mining assets.
The incoming CEO was previously Project Director of Pilbara Minerals’ (PLS) flagship Pilgangoora lithium project in Western Australia.
According to his LinkedIn page, Mr Ritchie’s tenure at PLS ended in September 2020 and for the past two years he has been operating as a freelance project delivery consultant.
Before his time at PLS, Mr Ritchie held positions at resources companies including FMG, Rio Tinto and BHP spanning over 20 years.
The new CEO will officially join the team on July 25 and will serve a six-month probation period.
Mr Ritchie will receive a base salary of $350,000 including superannuation, and pending shareholder approval, will also be issued three million performance rights with vesting conditions.
On behalf of the company, Non-Executive Chair Peretz Schapiro welcomed Mr Ritchie to the team and said MMG was delighted to appoint the new CEO.
“[Adam] brings tremendous enthusiasm and experience to assist MMG’s growth into a globally recognised lithium business.
“A business is only as good as its people, and with Adam at the helm, we are confident that we will deliver significant shareholder value,” Mr Schapiro said.
The appointment comes as the company moves in on the development of its Scotty lithium project located in Nevada, a venture Mr Ritchie said attracted him to MMG.
“I was attracted to the company for its vision and commitment to building a North American lithium business.
“The strong focus on exploring a diverse range of lithium resources in consideration of emerging technologies, the full supply chain and associated carbon footprint is progressive and admirable
“I look forward to working closely with MMG’s board and shareholders, and to delivering value for all stakeholders,” he said.
Company shares were up 12.5 per cent, trading at 22.5 cents at 2:47 pm AEST.
