MAC Copper Ltd (ASX: MAC) Share Price and News

Mr McMullen brings more than 30 years of senior leadership experience in the exploration, financing, development, and operations of mining companies globally. Prior to founding the Company, Mr. McMullen most recently served as the CEO and President at Detour Gold Corporation, a 600,000 ounce per annum gold producer in Canada from May 2019 to January 2020. During his tenure, Mr. McMullen took the market capitalization from C$2.1 billion to C$4.9 billion over seven months (date of deal announcement), which represented an internal rate of return of 208%, leading to the acquisition by Kirkland Lake Gold Ltd. in 2020. Through his technical background and commercial acumen, Mr. McMullen established and led a team that reduced AISC (a mining metric that estimates all direct and recurring costs required to mine a unit of ore) by approximately US$250/oz over that period in a business that had historically been viewed as an underperforming asset. Mr. McMullen also improved safety performance and repaired relations with its First Nations partners, enabling a large increase in operations to be permitted, which was fundamental to the increase in market value of the company.

Ms Heywood is an experienced non-executive director, audit and risk committee and people and remuneration committee chair with broad general management experience gained through an international career in the mining sector, including 10 years with the Rio Tinto Copper Group. Ms. Heywood's experience includes strategic marketing, business finance and compliance and she has led organizational restructures, mergers, acquisitions and disposals at both the executive and board level. Additionally, she has experience in cross-cultural negotiations and stakeholder relationship management (including governments and investment partners) and leadership expertise in China, Japan, Mongolia, Singapore and South America. In addition to the Company, Ms. Heywood currently serves as a non-executive director of, and is responsible for a diverse range of committee chairs and committee memberships for, Arcadium Lithium, a global lithium chemicals producer, Midway Limited, a wood fibre processor and exporter, Lotus Resources Limited, a uranium developer, Snowy Hydro Limited, an integrated energy company supporting the transition to renewables and Denison Gas Limited.

Ms Jones is a company director with substantial experience in the public and private sectors, bringing expertise in strategy and operational roles, financial and operational risk management, regulatory sectors, governance and strategy experience from several industry sectors, banking and financial services, engineering services in the energy sector, consumer goods and manufacturing. She brings insights from exposure to sectors managing transformation on ESG in the energy sector, changing business models with B2B and B2C customers, cyber security and artificial intelligence applications. During her 30-year executive career, Ms Jones held several leadership positions in corporate, institutional and private banking with domestic and offshore banks, including Westpac Banking Corporation, Australia and New Zealand Banking Group Ltd and Bank of Singapore. Ms. Templeman-Jones is the former Chairman of Blackmores Limited and the Commonwealth Bank Financial Services subsidiaries and served as a non-executive Director of the Commonwealth Bank of Australia, Worley Ltd, GUD Holdings Limited, the Citadel Group Ltd, Cuscal Ltd, HT&E Limited, Pioneer Credit Ltd, TAL Superannuation Fund and HBF's private and general insurance companies.

Mr van't Hoff is a global business executive with a successful track record of scaling business and driving growth through restructurings, technology integration and project management discipline. Mr. van't Hoff finished his 35-year career with Royal Dutch Shell PLC as the Executive Vice President of Global Chemicals where he was responsible for the company's $25bn global chemicals business. In the past he held such positions as Chairman of CNOOC & Shell Petrochemicals Co., Ltd., CEO of Shell Chemicals LP, Chairman of Shell U.K. Ltd, Director - Information Technology Strategy at Shell International BV, Chief Information Officer of Shell Chemicals U.K. Ltd. and General Manager for Shell Chemicals Europe BV (which are all subsidiaries of Shell Plc). Mr. van't Hoff served on the executive committees and boards for each of the European, American and International Chemical industry associations, respectively, CEFIC, ACC and ICCA, and was a founder member of Alliance to End Plastic Waste. Mr. van't Hoff currently serves as Chairman of the boards of 5E Advanced Materials, Inc, and Aleanna Inc. and is a member of the board of directors of Verde Clean Fuels, Inc.

Mr McConnell is a global executive and technology subject matter expert within energy and power, petrochemicals technology, and the investment-business development marketplace who has led the growth of multimillion-dollar businesses and new business units. Mr. McConnell has expertise in operations, sales, business, marketing, domestic/global management, and managing senior-level technology teams. Mr. McConnell is experienced in both domestic and international markets and was posted in Singapore for business in China, India, Indonesia, Korea and Malaysia. He captures new opportunities by assessing market trends, building, motivating and educating high-performing teams and evaluating technology and business portfolio options. Mr. McConnell revitalizes operations and business models for the energy transition marketplace by leveraging strategic planning, tactical client execution and relationship-building collaboration for growth in energy markets challenged by a lower carbon future.

Ms Merrin is a corporate director with broad experience in the resource sector, heavy industry and capital markets. From June 2014 to May 2023, Ms. Merrin served as an independent non-executive director of Glencore plc, a global commodity trading and mining company based in Switzerland. In June 2023, she was elected an independent non-Executive Director of Capricorn Energy Plc, UK. In June 2019, Ms. Merrin was appointed Chair of the Board of Detour Gold, a role which concluded with the acquisition of Detour Gold by Kirkland Lake Gold in January 2020, a transaction valued at C$4.9 billion. Ms. Merrin is a frequent speaker and independent voice on industry and governance matters and has been a nominee on multiple activist files. Her executive roles in the resource sector have included President, CEO and Director of Luscar Ltd., Canada's largest thermal coal producer, then owned equally by Sherritt International Corporation, a Canadian diversified miner, and Ontario Teachers' Pension Plan Board, prior to which she had been EVP and COO of Sherritt International Corporation.

Mr Gerdeman is the CEO of REEcycle Holding Inc, a private rare earth recycling company. He is also a senior advisor at FTI Consulting where he brings more than 20 years of experience in capital markets and corporate advisory with a particular focus on the Natural Resources and Industrial Sectors. Mr. Gerdeman's expertise includes IPOs, strategic investor relations advisory, capital allocation strategies, working capital improvement analyses, mergers and acquisitions, activist defense, restructuring activities, and management transitions. Previously, Mr. Gerdeman was a Managing Director at Ankura Consulting in the Office of the CFO. Prior to his role at Ankura, Mr. Gerdeman was a Senior Advisor with FTI Consulting from October 2019 to July 2021. He also served as Chief Strategy and Investor Relations Officer for Livent Corporation a $2.4 bn market cap NYSE listed lithium producer from May 2018 to June 2019, during the company's initial public offering and separation from FMC Corporation. Before his role at Livent Corporation, Mr. Gerdeman was a Managing Director at FTI Consulting in the Strategic Communications and Corporate Finance segments.

Mr Rungta has been with the Glencore group since 2016 and currently leads business development for Glencore's Copper and Zinc department. His tenure has seen him play a pivotal role in numerous copper mergers, acquisitions and divestitures, including the sale of the CSA Copper Mine and the acquisition of MARA Project. Mr. Rungta started his career in Glencore's Copper marketing department. He subsequently moved to Mopani, Glencore's Copper asset in Zambia, where he was responsible for the commercial operations of the asset. Following the sale of Mopani, Mohit returned to Glencore's head office in Switzerland and joined the business development team. Mr. Rungta is committed to developing the copper and zinc portfolio sustainably and profitably by integrating strategic foresight, leadership and effective collaboration.

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