Andean Silver Limited has appointed Matthew Allen as CEO, marking a strategic leadership shift to accelerate development at its Cerro Bayo silver-gold project. Former CEO Tim Laneyrie transitions to Technical Director to focus on exploration and resource expansion.
- Matthew Allen promoted from CFO to CEO
- Tim Laneyrie moves to Technical Director role
- Focus on advancing Cerro Bayo silver-gold project
- Performance rights tied to project milestones and share price
- Search underway for new Chief Financial Officer
Leadership Restructure Signals Growth Phase
Andean Silver Limited (ASX: ASL) has announced a significant management restructure effective 23 February 2026, appointing Matthew Allen as Chief Executive Officer. Allen, previously the company’s Chief Financial Officer, steps into the CEO role as Andean prepares to enter a new phase of growth focused on its flagship Cerro Bayo silver-gold project in Southern Chile.
The outgoing CEO, Tim Laneyrie, will transition to a newly created Technical Director position, concentrating on resource growth and exploration. This move reflects the company’s dual priorities: continuing aggressive exploration to expand mineral resources while advancing the project towards production readiness.
Experienced Leadership to Navigate Next Stage
Chairman David Southam praised Laneyrie’s leadership in securing and developing a world-scale, high-grade resource at Cerro Bayo, highlighting the strong pipeline of exploration targets that underpin future growth. Allen’s appointment leverages his extensive experience as a global resources CEO, notably his tenure at Otto Energy Limited, where he oversaw projects from development through to operations.
Allen’s financial acumen and track record in corporate funding and mergers and acquisitions position him well to lead Andean through the complexities of advancing Cerro Bayo. His remuneration package includes a fixed salary of A$350,000 and 500,000 performance rights, which vest upon achieving key milestones such as a final investment decision and share price targets, aligning his incentives closely with shareholder value creation.
Strategic Focus on Exploration and Development
Laneyrie’s new role as Technical Director ensures that the company’s exploration strategy remains in expert hands. His geological expertise will be critical as Andean pursues an ambitious drilling program aimed at expanding the resource base. Meanwhile, Allen will focus on building the organisational capacity needed to transition Cerro Bayo from exploration to production.
The company has also commenced a search for a new Chief Financial Officer, signalling a broader reshaping of the executive team to support its evolving operational demands.
Outlook for Andean Silver
This leadership transition comes at a pivotal moment for Andean Silver, as it seeks to capitalise on its exploration success and move closer to production. The alignment of technical and executive leadership roles is designed to maintain momentum across both resource growth and project development fronts.
Investors will be watching closely to see how the new CEO’s strategic vision translates into operational progress and market performance, particularly given the performance rights linked to share price milestones.
Bottom Line?
Andean Silver’s leadership reshuffle sets the stage for accelerated growth, but execution risks remain as the company pushes towards production.
Questions in the middle?
- Who will be appointed as the new Chief Financial Officer, and how will they influence capital strategy?
- What timeline is Andean targeting for the final investment decision on Cerro Bayo?
- How will market conditions impact the share price milestones tied to the CEO’s performance rights?