05/06/2015 - 13:45

Former FMG director chairs Triton

05/06/2015 - 13:45

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Former Fortescue Metals Group chief financial officer and director Chris Catlow has joined Subiaco-based Triton Minerals as its new chairman, with Alan Jenks stepping down from the head of the board to take on a director role today.

Former Fortescue Metals Group chief financial officer and director Chris Catlow has joined Subiaco-based Triton Minerals as its new chairman, with Alan Jenks stepping down from the head of the board to take on a director role today.

Mr Catlow, who is also chairman of Admedus and deputy chairman of AIM-listed Sirius Minerals, will bring more than 25 years of international resources industry experience to the job, having worked on the development and operations of oil and gas, hard rock and sand mining projects.

Along with his previous role at Fortescue, he was involved in the formation of mineral sands miner Iluka Resources, and was a former director of Sydney-based Indo Mines.

“The company will continue to benefit from Alan’s knowledge and leadership through his new role as a non-executive director,” Triton chief executive Bradley Boyle said.

“These changes to the board will assist the company in successfully navigating towards its goals of achieving commercial production at its Mozambique graphite projects and establishing TMG as the global graphite industry benchmark by aiming to offer the world’s lowest cost and most diversified graphite product range.”

The company recently raised $12 million through a share placement to fund ongoing work at its Mozambique project.

Triton shares were 1.7 per cent lower to 29 cents each at 1:30pm.

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