Why is the Core Lithium share price on the move? Investors have been buying the miner's shares today in response to news that it has appointed a former Rio Tinto Ltd (ASX: RIO) boss to its board. According to the release, Alicia Sherwood will become a non-executive director effective 1 December 2024.The release notes that Ms Sherwood brings over 25 years of experience across the private, public, and not-for-profit sectors, with a strong focus on stakeholder management, governance, and leadership. In addition, Sherwood has a proven track record of building and driving collaborations between businesses, governments, communities, and Indigenous organisations to deliver mutually beneficial outcomes. Core Lithium also highlights that its new director has extensive ESG credentials, which are demonstrated through her previous role as general manager of Communities and Social Performance for Rio Tinto's Aluminium Pacific Operations. I n this capacity, Sherwood was responsible for implementing a comprehensive Community and Social Performance (CSP) strategy across multiple jurisdictions in Australia and New Zealand. The release highlights that her leadership in cultural heritage management, land access agreements, community investment, and regional development initiatives is widely recognised. This is a big positive for a miner that is exploring for metals and minerals. In fact, management believes Sherwood's deep connections with Northern Territory stakeholders further enhances her strategic value. Though, it is worth noting that she isn't new to Core Lithium. Sherwood's most recent role was as general manager of the company's Finniss Lithium Mine. In that role, she was responsible for the day-to-day mining operations and stakeholder engagement. This means the new director has an intimate knowledge of its mining operations and the risks and opportunities of working in the Northern Territory.
Add to My Watchlist
What is My Watchlist?
