APC Minerals has announced the departure of CEO Matthew Shackleton, who led the company through challenging times including the stalled Lake Wells Sulphate of Potash Project and recent voluntary administration.
- Matthew Shackleton departs as CEO and Managing Director after 11 years
- Led efforts to advance Lake Wells Sulphate of Potash Project
- Project halted due to external market forces
- Steered company through voluntary administration
- Chair Cathy Moises acknowledges Shackleton’s leadership and resilience
Leadership Change at APC Minerals
APC Minerals Limited (ASX: APC) has announced the departure of its Chief Executive Officer and Managing Director, Matthew Shackleton, effective 20 February 2026. Shackleton’s exit marks the end of an 11-year tenure with the company, during which he played a pivotal role in steering APC through both growth ambitions and significant challenges.
A Decade of Dedication
Joining APC in July 2014 and taking the helm as CEO in August 2018, Shackleton was instrumental in advancing the Lake Wells Sulphate of Potash Project, a flagship initiative aimed at tapping into Australia’s potash mining potential. Despite his persistent efforts to secure funding and push the project forward, external market conditions ultimately stalled progress, forcing the company to reassess its strategic direction.Navigating Turbulent Waters
Shackleton’s leadership was especially tested during APC’s recent voluntary administration process, a period marked by financial and operational uncertainty. The company’s chair, Cathy Moises, publicly acknowledged his resilience and steady stewardship throughout this difficult phase, highlighting his commitment to the company and its stakeholders.While the announcement does not specify a successor or immediate strategic plans, Shackleton’s departure signals a potential turning point for APC Minerals as it seeks to recover and reposition itself in a competitive mining sector.
Looking Ahead
With the Lake Wells project on hold and leadership in transition, investors and industry watchers will be closely monitoring APC’s next moves. The company’s ability to attract new leadership and secure fresh capital will be critical in determining whether it can overcome recent setbacks and capitalise on future opportunities in potash mining.Bottom Line?
APC Minerals faces a pivotal moment as it seeks new leadership to revive its stalled potash ambitions.
Questions in the middle?
- Who will succeed Matthew Shackleton as CEO and what strategic direction will they pursue?
- What are APC Minerals’ immediate plans for the Lake Wells Sulphate of Potash Project?
- How will the company address financial stability following voluntary administration?