Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Trump lashes out at Crockett, renews call for...
Trump goes after Zelenskyy over ‘land swapping’ dispute,...
Democratic whistleblower told FBI that Adam Schiff approved...
MORNING GLORY: Trump meets Putin amid an era...
‘Things need to change’: Senate Democrats sharpen criticism...
Mamdani zings Cuomo in rent-stabilized housing spat during...
Unearthed emails reveal White House nixed Biden visiting...
Strong drilling targets identified next to high-grade gold-copper...
Seymour Lithium Project Achieves Permitting Milestone
Acquisition of Silver Extraction Technology
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Board and Executive Management Restructure

by admin August 30, 2024
August 30, 2024
Board and Executive Management Restructure

Nordic Nickel Ltd (ASX: NNL) (‘Nordic Nickel’ or ‘the Company’) advises that, in response to ongoing weak market conditions and depressed nickel prices, it has implemented a number of changes to its Board and Executive Management structure.

The changes will reduce corporate overheads while maintaining continuity within the existing team and preserving the Company’s valuable experience and expertise to prioritise exploration and the ongoing strategic partnerships process at both the Pulju Nickel Project and the Maaninkijoki 3 Copper-Nickel-PGM Project.

Effective from 30 September 2024, the following changes will take effect:

1. Todd Ross, the current Managing Director, will transition to the role of Non- Executive Chairman. Todd’s extensive experience and leadership have been instrumental in advancing the Pulju Project and driving the Company’s strategic direction. As Chairman, Todd will continue to provide strategic oversight, guidance and maintenance of key stakeholder relationships, ensuring the Company’s ongoing focus on value-creation for shareholders.

2. Marcello Cardaci will step down as Chairman but will remain on the Board in a Non-Executive Director capacity. Marcello’s contribution as Chairman has been significant, and the Board is pleased that he will continue to lend his expertise and knowledge to the Company in a non-executive role.

3. Robert Wrixon will continue in his role as Executive Director. Rob’s operational expertise and deep industry knowledge remain crucial as Nordic Nickel continues to progress its exploration and development activities at the Pulju Project.

4. Juho Haverinen will remain in his role as Non-Executive Director. Juho’s local knowledge and experience are vital to the Company’s success in navigating the regulatory and community engagement landscape in Finland.

Management Comment

Nordic’s Executive Director Robert Wrixon commented: ‘This restructure is a proactive step to adapt to the current market environment while ensuring we maintain the continuity and expertise that have been the driving forces behind Nordic Nickel’s progress to date. By reducing costs and realigning our leadership structure, we are positioning the Company to continue advancing our key projects and stakeholder relationships without compromising on our strategic goals. I am confident that with Marcello’s continued involvement and the ongoing contributions of Todd and Juho, Nordic Nickel remains positioned to deliver long-term value to shareholders.’

The Board believes these changes will not only reduce costs but also strengthen the Company’s governance structure as it continues to advance the Pulju Project. This restructure reflects the Company’s commitment to preserving shareholder value during challenging market conditions while ensuring continuity and retention of expertise.

The Board of Nordic Nickel thanks Marcello for his outstanding service as Chairman and looks forward to his continued contributions in his new capacity.

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
Chariot and Mustang Lithium LLC Repossess Horizon and Halo Lithium Projects
next post
Quetzal Copper Update on Drilling and Geophysics at the Cristinas Project, Chihuahua Mexico

You may also like

Editor’s Picks: Gold Price Touches US$3,500 in Volatile...

April 28, 2025

Top 4 Largest Lithium Reserves by Country (Updated...

October 6, 2024

SAGA Metals Completes Strategic Infrastructure Upgrades in Preparation...

July 30, 2025

CleanTech Lithium PLC Announces Interim Results

September 30, 2024

How to Invest in Aluminum Stocks (Updated 2024)

November 15, 2024

New Cannabis Consumption Trends, Regulatory Shifts Seen Driving...

May 5, 2025

Mario Innecco: Gold Still in Third Inning, When...

June 10, 2025

Apple Beats on Revenue Despite AI Hiccups and...

January 31, 2025

Riverside Resources Provides Updates on H1 2025 Exploration...

February 27, 2025

Lode Gold Signs Letter of Intent to Execute...

September 24, 2024

Recent Posts

  • Trump lashes out at Crockett, renews call for cognitive test
  • Trump goes after Zelenskyy over ‘land swapping’ dispute, lays out ‘feel out meeting’ with Putin
  • Democratic whistleblower told FBI that Adam Schiff approved classified leaks to target Trump
  • MORNING GLORY: Trump meets Putin amid an era done away with John Quincy Adams’ ‘abroad’
  • ‘Things need to change’: Senate Democrats sharpen criticism of Israel as humanitarian concerns grow

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (867)
    • Investing (2,729)
    • Politics (3,369)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.