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  • Paladin Energy (PDN) has appointed Ian Purdy as the new CEO
  • Ian’s most recent role was Chief Financial Officer at Quadrant Energy which is one of Australia’s largest and most active oil and gas companies
  • The outgoing CEO, Scott Sullivan, will remain with the company through to July 2020, working with Ian to help transition into the role
  • Paladin is flat and selling shares for 8.7¢ apiece

Paladin Energy (PDN) has appointed Quadrant Energy’s Ian Purdy as the new CEO, effective immediately.

Ian has a proven leadership record as a successful CEO and Chief Financial Officer (CFO) with experience in Australian and international natural resources.

His most recent role was CFO of Quadrant Energy, one of Australia’s largest and most active oil and gas companies. Quadrant was established as a standalone company following the acquisition of Apache Corporation’s Australian assets.

Ian led the transformation of Quadrant from a branch office of a large multi-national oil and gas company into a full standalone ASX100-equivalent company.

Prior to this, he was the Managing Director of Mirabela Nickel, an Australian ASX- listed nickel producer operating in Brazil. Ian played an integral role in transitioning the company from construction to production.

During his time at Mirabela, the nickel company raised over US$350 million (approx. $521 million) in equity and approximately US$450 million ($669 million) of complex legacy debt positions.

Chairman Cliff Lawrence is pleased Ian has agreed to join the team.

“Ian is very much aligned with the Board on the future of the Uranium market, preferring a remuneration package with an equity bias with clear alignment with shareholders,” Cliff told the market.

“Ian has the necessary experience and skill set to optimise Paladin’s existing assets, improve the company’s strategic position within the nuclear fuel market, maximise Paladin’s strategic options and work comfortably and confidently with our shareholders and the wider investment community,” he added.

The outgoing CEO, Scott Sullivan, will remain with the company through to July 2020, working with Ian to help transition the role. Scott was appointed CEO in July 2018.

Paladin is flat and selling shares for 8.7¢ apiece at 3:59 pm AEDT.

PDN by the numbers
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