Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) has appointed Eric Rasmussen as a non-executive director with immediate effect.
Rasmussen has significant experience in the financing of European and global mining projects, Adriatic added, most recently at Rio Tinto and the European Bank for Reconstruction and Development (EBRD) for 27 years, where he was Global Head of Natural Resources between 2013-2022.
Rasmussen led EBRD's team of 28 bankers on a portfolio of projects across Europe, FSU and MENA, overseeing on average €1bn of investments per annum.
At Adriatic, Rasmussen will initially serve on the Audit and Risk, Remuneration and Nomination Committees and replace Julian Barnes, who has stepped down to pursue other interests.
Michael Rawlinson, Adriatic’s chairman, commented: “Eric brings an impressive blend of commercialism and determination to get deals done, as well as a passion for ensuring sustainability is at the core of mining operations.”
"I would like to thank Julian Barnes for his considerable contribution to Adriatic's development,” he added.