ERA announces leadership changes amid Rio Tinto acquisition
Energy Resources of Australia (ERA) has announced leadership changes as it navigates the transition following Rio Tinto’s decision to compulsorily acquire the company.
CEO and MD Brad Welsh will conclude his secondment from Rio Tinto on December 16. Welsh, who has been with Rio Tinto since 2011 in various senior roles, will also leave the mining giant when his ERA secondment ends.
To ensure continuity during the acquisition process, Welsh will remain in his role as ERA's CEO and MD under a consultancy arrangement.
Further, CFO and joint company secretary Richard Prest will step down on December 16, 2024. Prest will be succeeded by David Pritchard-Davies, currently ERA’s senior finance manager.
Rio Tinto is acquiring full control of ERA to assist with the successful rehabilitation of the defunct uranium mine Ranger, which is adjacent to Kakadu National Park.
ERA also owns the Jabiluka project; however, its mining permit was cancelled earlier this year as part of plans to integrate the area into Kakadu National Park. Rio Tinto previously stressed that it had no intention to invest in mining or developing the Jabiluka deposit.
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