Receive instant alerts for news on your actions. Claim your 1-week free trial for StreetInsider Premium here.
NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES
TORONTO – (BUSINESS WIRE) – Sherritt International Corporation (“Sherritt”) (TSX: S), a leader in the mining and refining of nickel and cobalt, today announced that Leon Binedell has been appointed to the board of directors of the company. Mr. Binedell, a 25-year mining industry veteran with a history of creating shareholder value, has been appointed President and CEO of Sherritt effective June 1, 2021.
Originally from South Africa, Mr. Binedell brings 25 years of industry experience with large global mining companies and adjacent joint ventures. Previously, he served as Chief Financial Officer of Guyana Goldfields Inc. (“Guyana Goldfields”), a Canadian gold producer specializing in gold deposits in Guyana. During his tenure at Guyana Goldfields, Mr. Binedell was instrumental in maximizing shareholder value and ensuring stability through the effective recruitment of team members, renegotiation of all major contracts of operations and procurement and the development of financing and governance practices that have guided Guyana Goldfields throughout its successful sale.
Mr. Binedell has also held various executive positions with other leading mining companies, including nickel and other base metals companies. Prior to joining Guyana Goldfields, he served as Head of Financial Operations at Resource Capital Funds, a leading private equity fund focused on the mining sector and commercialization of mining innovation. In his role, he advised a portfolio of 25 companies representing $ 2 billion in assets under management that spanned seven commodities and mining innovations in eight countries to improve their overall strategies, financial performance and financial practices. His additional industry experience includes his time as the National Leader in Mining and Energy Financial Advisory at PricewaterhouseCoopers LLP, Managing Director of Business Services at Xstrata Nickel (now Glencore) and Chief Financial Officer at Koniambo Nickel SAS.
With the appointment of Mr. Binedell, David Pathe, former President and CEO of Sherritt, stepped down from Sherritt’s board of directors.
Sherritt is a global leader in the extraction and refining of nickel and cobalt, metals essential to the growing adoption of electric vehicles. Its Technologies group creates innovative and proprietary solutions for oil and mining companies around the world to improve environmental performance and increase economic value. Sherritt is also the largest independent power producer in Cuba. Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.
Source: Sherritt International Corporation