VHM (ASX:VHM) has appointed Andrew King CEO and Benjamin McCormick as CFO, effective from 1 October 2025 as part of what the business has cited as the next phase of development.
King is a founding principal and director of Tanarra Capital – an alternative asset manager with $3.3 billion in funds under management. He has over three decades of senior executive and board experience across private equity, maritime and logistics, resources, infrastructure and international trade.
McCormick is a certified practising accountant with more than 25 years’ of global mining experience. He has held senior finance leadership roles and spend more than a decade at Newcrest Mining.
Both are based in Victoria and are ideally suited for completing the funding phase for the Goschen Project.
Ron Douglas, VHM’s current CEO, agreed to step into the position on the basis that at an appropriate juncture he would resume his non-executive position on the board.
VHM, which has a market capitalisation of $49.45 million, says to ensure continuity and retain the deep technical expertise and strategic relationships that have been cultivated, Douglas will introduce King to the market and investors through the next two months.
The Goschen Project aims to supply Australia with rare earths, zircon, and titanium minerals which are all necessary for powering clean energy systems.
Write to Aaliyah Rogan at Mining.com.au
Images: VHM
