Australian lithium miner Core Lithium (ASX: CXO) has begun a global search for its next chief financial officer following the resignation of Simon Iacopetta after four years in the role.
Mr Iacopetta will continue to work with the Core team over the coming months to support an orderly transition. He joined Core in early 2019 and has been an integral member of the executive team. He has steered the financial side of the business through the successful transition from an exploration company to financing of the Finniss lithium project that has led to the official opening of the mine in October.
Mr Iacopetta is leaving the business in robust financial shape. The first lithium shipment of direct shipping ore (DSO) is due by year end and spodumene concentrate production is on schedule for H1 2023. The recent successful capital raise led by Mr Iacopetta will also underpin future growth options for the business.
Core has commenced a global search utilising executive search firm Korn Ferry to source a suitably qualified CFO.
“My tenure at Core Lithium has been the highlight of my career to date,” Mr Iacopetta said.
“It has been hugely rewarding to see the company move from an exploration opportunity to a project and now an operating mine. Securing the recent capital funding will underpin the development of future growth options for Core and I am pleased to be leaving the business in very sound financial shape.”
Core Lithium CEO Gareth Manderson added:
“While disappointed when Simon told me of his decision, I appreciate and acknowledge his hard work over the past four years and the rapid progress Simon and the Core team have made to develop the Finniss mining operation.
“As a result of his efforts the business is in very sound financial shape and is well placed to begin working on the development of future growth options.
“We thank Simon for his strong contribution and leadership at Core and wish him all the best for the future.”