Energy Resources of Australia Ltd (ASX:ERA) Leadership Update
Leadership Transition
Energy Resources of Australia Ltd (ERA) announces that Chief Executive Officer Brad Welsh will conclude his secondment from Rio Tinto on 16 December 2024. Mr Welsh will transition to a consultancy role while continuing to serve as CEO and Managing Director during this period.
The Board of ERA has determined the company requires the services of a CEO on a non-permanent basis amid ongoing changes following Rio Tinto’s move to acquire ERA. The consultancy arrangement with Mawal Pty Ltd, led by Mr Welsh, comes into effect on 17 December 2024.
New Financial Leadership
In a complementary leadership change, Richard Prest will step down as Chief Financial Officer and joint Company Secretary on 16 December 2024. David Pritchard-Davies, the current Senior Finance Manager at ERA, will succeed him. Mr Pritchard-Davies brings over 18 years of financial and commercial experience and holds a Bachelor of Commerce from the University of Sydney.
Motley Fool contributor Abbie Stokes 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 Scott Phillips.
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