Altona Rare Earths plc has appointed a new chief executive officer ahead of the company’s proposed admission on 9 June 2023 to trade on the main market of the London Stock Exchange.
CORPORATE CHANGES
The company today announced it had published its prospectus for admission and also completed a £2 million fundraise.
Christian Taylor-Wilkinson will step down as chief executive officer and a director, but will remain a full-time employee and company shareholder. He will work with the board across business and corporate development.
Chief operating officer Cedric Simonet, who has led Altona’s operations in Mozambique for the past two years, will become CEO on admission to trading.
“I am delighted that Cedric has agreed to take over the CEO role from me, a natural transition at a time when Altona is entering into a highly technical phase of exploration and development,” said Mr Taylor-Wilkinson.
“His deep industry experience, and dedication, will lead the company through its next growth phase, and I very much look forward to continuing to work alongside him and the team in my new role.
“I would like to thank our long-term shareholders for their support over the past four years.”
The third board change sees Louise Adrian become chief financial officer and an executive director.
She has been Altona’s financial controller and company secretary for the past two years.
Ms Adrian is a graduate of Oxford University and a member of the Institute of Chartered Accountants in England and Wales.
She began her career at Arthur Anderson and since 2020 has been a consultant accountant for Orana Corporate, working with many companies on all aspects of accounting, reporting and audit.
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