Pilbara Minerals share price lifts as new CEO takes reins

Pilbara Minerals has promoted from within its ranks.

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Key points

  • Pilbara Minerals shares edge 2.35% higher to $2.84 in early afternoon trade
  • The company announced the appointment of its new managing director and CEO, Dale Henderson
  • Former head honcho Ken Brinsden will move into a special advisory role to Pilbara Minerals

The Pilbara Minerals Ltd (ASX: PLS) share price is heading north on Monday.

This comes after the Australian lithium-tantalum producer announced a senior leadership appointment.

At the time of writing, Pilbara Minerals shares are exchanging hands at $2.84, up 2.35%.

Let’s take a look at the details.

New leadership at Pilbara Minerals

According to its release, Pilbara Minerals advised it has appointed Dale Henderson as its new managing director and CEO.

Having served as the company’s chief operations officer from September 2017 to June 2022, Henderson will take over the reins from Ken Brinsden.

The latter formally retired from the top role on 30 July 2022, but will remain in a special role advising Pilbara Minerals.

Furthermore, Brinsden will remain as the nominated director of the POSCO joint venture company until a replacement is found. This is expected to occur sometime later this year.

Touching on his time as Pilbara Minerals CEO over the last six years, Brinsden commented:

I am incredibly proud of what the team has achieved since 2015. From the initial Pilgangoora project delivery to what it is today, a global lithium producer with plenty more growth to come, it has been an incredible journey! With many highs and testing a few lows, but throughout what sticks most in my mind is the incredible people and partners that I have had the privilege of working with.

Investors may want to keep an eye out this Wednesday. This is when Henderson will provide an update about Pilbara Minerals’ operations and growth strategies at the 2022 Diggers and Dealers Mining Forum.

Pilbara Minerals share price summary

Over the last 12 months, the Pilbara Minerals share price has accelerated by 60%.

However, this has not been the case when looking year to date, with the miner’s shares down 11.4%.

Based on today’s price, Pilbara Minerals commands a market capitalisation of around $8.2 billion.

Motley Fool contributor Aaron Teboneras has positions in Pilbara Minerals Limited. 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 Scott Phillips.

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