Why the American Pacific Borates (ASX:ABR) share price is outperforming today

The company is boosting its personnel this month…

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The American Pacific Borates Ltd (ASX: ABR) share price is pushing higher today following two key appointments by the company.

At the time of writing, the mineral exploration company’s shares are swapping hands for $1.735, up 3.58%.

American Pacific Borates strengthens its senior leadership team

According to its announcement, American Pacific Borates advised it has appointed Tyson Hall as its chief operating officer.

Hall’s role will initially focus on managing value engineering activities to support the development of the Fort Cady Integrated Boron Facility. However, this will be expanded to managing construction and operations of the plant and becoming the link between operations and the specialty boron and advanced materials’ business. 

Hall brings substantial operating experience to the company having previously been responsible for the financial side of a business unit within Pilgrim’s Pride Corporation.

He also brings broad experience in manufacturing and specialty chemicals. Hall holds a Bachelor of Science degree in Chemical Engineering and a Master of Business Administration from the University of Arkansas.

In addition, Chance Pipitone has been selected as head of corporate development and investor relations.

Pipitone’s key responsibilities will include leading the corporate finance and strategy function, managing investor relations, and strategic planning activities.

During his past years, Pipitone served as a portfolio manager and senior investment professional at a number of firms. These include Luminus Management, Salient Partners, and Brookfield Asset Management (formerly Center Coast Capital).

Pipitone holds a Bachelor of Science degree from The Wharton School, University of Pennsylvania.

American Pacific Borates stated that both positions will be effective from the second half of September.

About the American Pacific Borates share price

Over the past 12 months, American Pacific Borates shares have gained around 118% and, year-to-date, are up 15%. The company’s share price reached an all-time high of $2.54 in late April.

American Pacific Borates has a market capitalisation of roughly $676 million, with approximately 387 million shares on issue.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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