Altamin Revamps Leadership with New Chairman and CEO to Drive Strategic Growth

Leadership Renewal Aligns with Strategic Vision

Altamin Limited (ASX – AZI) has announced a pivotal restructuring of its board and executive management, marking a clear step toward reinforcing its mission to supply critical raw materials essential for Italy and Europe’s energy transition. The appointment of Peter Edwards as non-executive Chairman brings seasoned leadership and a direct link to the company’s majority shareholder, the Victor Smorgon Group, whose strategic investments in resources and decarbonisation initiatives are well known.

Edwards’ extensive experience, including his long tenure as CEO and executive chairman of Victor Smorgon Group, positions him to guide Altamin through its next growth phase without drawing a chairman’s fee, underscoring his commitment to the company’s long-term vision.

Geraint Harris Returns to Lead as CEO

Returning to Altamin as director and incoming CEO from 1 September 2025, Geraint Harris brings over 30 years of industry expertise and a deep familiarity with the company’s key projects, including the Lazio and Gorno developments in Italy. His prior leadership at Adriatic Metals, where he successfully navigated an ASX listing and project advancement, signals a strong operational and strategic capability that Altamin aims to leverage.

Harris’ remuneration package includes a base fee of A$320,000 per annum, eligibility for a short-term incentive of up to A$150,000, and a proposed grant of 10 million options subject to shareholder approval and performance milestones. This incentive structure aligns his interests closely with shareholder value creation.

Executive Role Adjustments and Board Streamlining

Stephen Hills will transition back to his previous roles as CFO, Finance Director, and Company Secretary, stepping down from his interim managing director position. His remuneration remains at A$320,000 annually, with a proposed performance share award of 2.25 million shares pending shareholder approval, reflecting recognition of his ongoing contribution.

The board has also streamlined its composition with the immediate resignations of Executive Chairman Alexander Burns and non-executive director Marcello Cardaci. Burns expressed confidence in the new leadership, highlighting the timing as right for change and praising the successors’ suitability.

Strategic Implications and Market Outlook

This leadership renewal comes at a critical juncture as Altamin seeks to solidify its role in supplying commodities vital to Europe’s sustainable development and energy transition goals. The fresh executive team’s combined expertise in resource development, capital markets, and stakeholder engagement is expected to invigorate the company’s strategic execution and market presence.

However, the full impact of these changes will depend on the successful approval of incentive plans at the upcoming Annual General Meeting and the ability of the new leadership to translate strategic ambitions into operational progress.