Paladin Energy appoints new CEO
Ian Purdy will be available to the company until the end of his notice period in mid-December.
Paladin operates the Langer Heinrich mine in Namibia
Uranium mining company Paladin Energy on Wednesday announced the appointment of COO Paul Hemburrow as its new MD and CEO, succeeding Ian Purdy with effect from September 1.
Hemburrow, who joined the company as COO in 2023, would also join the board of the Australia- and Canada-listed uranium miner. Paladin said it planned to expand the board with the appointment of a Canadian resident director in the future.
The leadership change follows a "planned and rigorous succession process involving global executive search specialists", Paladin said.
Purdy, who has led the company since 2020, would remain available to assist the board and executive team until mid-December.
“The board is pleased to appoint Paul as the stand-out executive in our sector who has the leadership attributes, technical skills and uranium knowledge to capitalise on the opportunities that Paladin has within its global asset portfolio,” chairperson Cliff Lawrenson said in a stock exchange announcement.
“We are very confident in Paul’s ability to create value for shareholders in the years ahead and this decision vindicates the leadership succession process the company has in place."
“On behalf of the board, I thank Ian for his many achievements leading Paladin since 2020 and the considerable effort he has devoted to the company,” Lawrenson added.
Hemburrow has 30 years of operational and management experience across mining, processing, port and rail businesses in various jurisdictions and commodities.
Paladin said it had launched an international search for a new COO and established an interim process to ensure continuity during the transition.
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