Metals Acquisition Limited (NYSE: MTAL), also known as MAC, announced on Tuesday the appointment of Patrice Merrin as the new Chairperson of the Board, replacing Neville Power who resigned to pursue other opportunities.
Merrin is no stranger to MAC, having chaired its predecessor company, Metals Acquisition Corporation, from its inception until August 2022. She stepped down from this role as the company embarked on acquiring the CSA Copper Mine, which was then owned by Glencore (OTC:GLNCY) Plc. Merrin served on Glencore's board from June 2014 until May 2023.
In addition to her past involvement with MAC and Glencore, Merrin has held significant roles in other companies within the industry. She is a former chairperson of Detour Gold and served as an independent director for Stillwater Mining and Arconic Inc, among others.
During his tenure, Power led MAC through the acquisition of the CSA mine and oversaw its public listing process. In his departure statement, Power expressed his pride in his contributions and optimism for MAC's future. "It has been an honour and a privilege to Chair Metals Acquisition Limited through the CSA mine purchase and public listing process. MAC is well placed to continue to grow and I wish the company all the best for the future," Power said.
MAC thanked Power for his contributions over the past two years and wished him well in his future endeavors. The company focuses on operating and acquiring metals and mining businesses that are critical in the electrification and decarbonization of the global economy.
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