MR MARCELO BASTOS APPOINTED AS NON-EXECUTIVE DIRECTOR
IGO Limited (ASX:IGO) (IGO or the Company) is pleased to announce the appointment of highly experienced company director and mining executive Mr Marcelo Bastos to its Board as an independent Non-executive Director.
Mr Bastos will join the IGO Board from the 1st of July 2024.IGO’s Chair, Mr Michael Nossal, said the Company was very pleased that Mr Bastos had accepted the invitation to join the Board.
“Marcelo is a highly regarded company director with significant international experience, and we were delighted that he has chosen to join the IGO Board.
Marcelo has had a highly successful executive career in the mining industry across a full range of companies, commodities and jurisdictions. He is now an experienced ASX and LSE non-executive director who will bring deep skills and knowledge to IGO.
In particular, we will benefit from Marcelo’s strong safety leadership, large capital project and operating experience, as well as his highly developed sustainability oversight skills.
”Mr Marcelo Bastos commented, “I am excited to join the IGO Board at this pivotal time in the company’s transformation. IGO’s purpose and values closely align with my own and I believe that the company is well positioned to continue to support the global transition to renewable energy.
I look forward to contributing to the ongoing development of IGO over the coming years.”Background on Marcelo Bastos (B Eng (Mechanical Engineering), MBA in Management)Marcelo is an experienced international company director with more than 30 years of operational, logistics,project development and senior leadership experience in most of the major sectors of the mining industry.
During a 19 year career with Vale, he held various senior executive in Iron Ore, Gold and as Director of Copper. Marcelo joined BHP in 2004, where he served in roles including President Nickel Americas,President Nickel West, and President Steel Making Coal.
He then joined MMG, where he held the role of Chief Operating Officer from 2011 to 2017, responsible for the group’s global operations, sales and marketing across copper, zinc and gold.
In this role, he also led the planning, development and ramp up of the Las Bambas copper mine in Peru.Marcelo is also a non-executive director of Anglo American PLC, Aurizon Holdings Ltd and Iluka Resources,and has previously held non-executive directorships with OZ Minerals, Golder Associates, AMIRA and Golding Contractors.
Following the appointment of Mr Bastos on 1 July 2024, the Board of IGO will be constituted as follows:
• Michael Nossal, Non-executive Chair
• Samantha Hogg, Non-executive Director
• Ivan Vella, Managing Director and CEO
• Justin Osborne, Non-executive Director
• Trace Arlaud, Non-executive Director
• Keith Spence, Non-executive Director
• Debra Bakker, Non-executive Director
• Xiaoping Yang, Non-executive Director
• Marcelo Bastos, Non-executive Director
This announcement is authorised for release to the ASX by Michael Nossal, Non-executive Chair.
i hold IGO
hmmm being slotted in to replace a director ( and some management ) further down the track
( say some sort of demeger/divestment ) just wondering , because this new guy seems to be super-qualified