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Investing.com -- Investing.com has learned that Critical Metals Corp. (Nasdaq: CRML) has appointed four new senior executives, including a new Chief Financial Officer and Chief Technical Officer.
The company said the move is part of its broader strategy to accelerate the development of its rare earth assets in Greenland and Europe.
Critical Metals told Investing.com that Sergey Savchenko, a veteran of U.S. capital markets, will lead finance and accounting operations as CFO. He was actively involved in Critical Metals Corp’s Nasdaq listing.
“It was a great experience helping take the Company public in 2024,” Savchenko said. He added that he looks forward to leveraging his capital markets expertise to advance Critical Metals’ strategy.
Savchenko, who consulted for special purpose acquisition companies before joining Critical Metals, succeeds Steven Parkes, who has stepped down.
George Karageorge, a mining executive with more than 30 years of industry experience, will serve as Chief Technical Officer.
Karageorge said the company’s assets are “some of the most compelling” projects he has worked on in his career and they offer “tremendous upside potential.”
Critical Metals also named Thomas McNamara as Director of Corporate Development & Investor Relations and John Thomas as General Counsel. All four appointments are effective immediately and report to CEO Tony Sage.
“We have assembled a fantastic leadership team at Critical Metals Corp to take our strategic critical materials project portfolio forward and deliver long-term value to our shareholders,” Sage said.
In addition to the executive appointments, Investing.com has learned that the company signed a lock-up agreement with its two largest shareholders, European Lithium and Rimbal, restricting open-market sales for 180 days. Together, the two hold 81% of Critical Metals’ shares.
The company also issued 5 million shares to Rimbal related to its acquisition of the Tanbreez project. Furthermore, Critical Metals has granted equity awards to directors covering 1.8 million shares.