Pembroke Resources has announced Michael Rosengren as its new chief executive officer (CEO) following the company’s founder stepping down from executive responsibilities.
Rosengren brings decades of technical and operational mining expertise to the role and will lead the company’s next phase of growth.
The company said it’s looking to consolidate production and advance the second-phase expansion of the Olive Downs Complex in the Bowen Basin of Queensland.
As one of Australia’s leading steelmaking coal mines, the Olive Downs Complex is a cornerstone asset for Pembroke with strong reserves and expansion potential to support growth for years to come.
Rosengren has extensive experience managing resource assets, the company said, previously holding leadership positions at BHP Billiton, Thiess and Mount Isa Mines. He most recently held the position of managing director at QMetco.
“It’s a privilege to lead Pembroke at this pivotal time,” Rosengren said.
“Our immediate priorities are safe, reliable production to position the company for sustainable, long-term growth. I look forward to working with our people and partners to expand the Olive Downs Complex and deliver ongoing value for our communities, customers and investors.”
The management change has been welcomed by Pembroke’s chairman, Carl Tricoli, who said Rosengren’s “operational expertise and track record in boosting production efficiency make him the right leader as we look to transition from developer to producer, expand capacity and drive long-term value for our stakeholders.”
Barry Tudor, who founded Pembroke in 2014, has stepped down from leadership after more than a decade, but will still maintain a board seat to provide “a seamless transition”.
It’s understood a number of other executive managerial changes are being made in line with the company’s transition from asset developer to established producer.
Source: https://www.australianmining.com.au/pembroke-resources-announces-new-ceo/