KUALA LUMPUR: Lynas Rare Earths Ltd chief executive officer and managing director Amanda Lacaze will retire after 12 years in the role.
Lynas said in a statement today that the board has initiated a search process to select a new CEO to lead the company through its next stage of growth.
"This process will consider both internal and external candidates. Lacaze intends to remain with the company until the end of the current financial year to enable a smooth transition," the statement said.
Board chair John Humphrey said Lacaze has made an outstanding contribution to Lynas and the rare earths industry over the past 12 years.
"This company was in a very difficult position when she took on the role of CEO. Lynas is today a leading rare earths producer and critical supplier to global manufacturing supply chains.
"Under her leadership, the company’s production and operating footprint has grown, and our market value has increased from around AU$400 million in 2014 to close to AU$15 billion," said Humphrey.
Meanwhile, Lacaze said she is leaving the company in good hands and a balance sheet to support future growth plans.
Lynas Rare Earths Ltd is an Australian publicly listed company headquartered in Perth, Western Australia.
According to its website information, Lynas offers assured provenance from mine to finished rare earth materials through its integrated and secure supply chain.
Concentrate rare earths deposits sourced from Mt Weld mine, located in Western Australia, are processed at its Kalgoorlie’s rare earths processing facility in Western Australia, and the Lynas Malaysia plant in Kuantan, Malaysia.
Lynas Malaysia has been operating since 2012 with its license extended to March 2026.
Lynas’ rare earth materials are used in many high-tech and future-facing applications, including electronics, wind turbines and hybrid and electric vehicles. - Bernama
