30 Aug 2012
MHM Appoints Phil Thick as Managing Director & CEO

The Board of MHM Metals Limited (ASX:MHM) recently appointed Mr Phil Thick as Managing Director and CEO.

Mr Thick brings many years experience and a successful track record to the Managing Director’s role. Outgoing Managing Director and CEO Frank Rogers has since tendered his resignation as a director of MHM but remains committed to the business and will continue in a consulting position focused on current operations, the future US plant and current and future technology opportunities.

Mr Thick has been given a mandate from the board to provide shareholders with a clear and concise roadmap and timetable in the shorter term for delivering profitable operations in Geelong and to oversee finalisation of financing for MHM’s US expansion.

Mr Thick will continue to strengthen relationships with key project stakeholders and government, and oversee and administer heightened investor and public relations. Mr Thick has already conducted an Australian investor relations campaign since his appointment to outline the roadmap to maximising profitability.

Mr Thick said at the time of his appointment, “MHM is in a very exciting place, with the Geelong plant now operating well and agreement reached with Alcoa on landfill processing, four US supply contracts and the aluminium oxide AL80 being successfully exported to Asia.

“The two most important things for MHM to focus on and deliver are to get the Geelong plant operating successfully on a 24 hour basis including stockpile processing, delivering the cash flow we expect, and to finalise design, costing and financing arrangements for the Kentucky plant.

“I believe shareholders have lost some faith in our ability to deliver given some timelines and deadlines not met. There are good reasons for this as we have been developing and improving the technology as we go, but we have to hit our targets and I believe this new structure will make that happen. We are freeing up our key people to focus fully on these key objectives over the coming months.”

Until recently Mr Thick was the CEO and director of WA-based chemical manufacturing and mining services company Coogee Chemicals Pty Ltd, a company that employs 280 staff with operations throughout Australia and south east Asia. Mr Thick has overseen a rapid period of growth in the business over the past four years. Before this Mr Thick spent 20 years with Shell Australia performing sales and marketing roles before branching into engineering and strategy positions including tenure as a senior executive of the board.