Frontier Energy Ltd (ASX:FHE) managing director and CEO Mike Young has stepped down from his post, paving the way for new leadership to advance the company’s Bristol Springs Solar (BSS) Project.
The chief executive and MD took on the role at Frontier in late 2021 but has now decided to pursue his next chapter in the mining industry.
Following Young’s decision, Frontier board member Grant Davey has stepped into the executive chairmanship, where he’ll lead the company as it looks to appoint a new independent board member.
While Young departs from his roles today, he’ll remain with the company to oversee its leadership transition.
Positioning Frontier for “looming renewable energy boom”
Commenting on his decision to leave, Young said it was time to make room for a new leader at the Frontier table.
“After eight months of being involved with the Bristol Springs Solar Project it has become apparent that the skills I bring to the table, regarding native title, tenure and project approvals are not needed for this project, given its advanced stage of development.
“The project’s advanced stage coincides with the State and Federal governments’ clear intent to quickly develop a hydrogen industry in Australia.
“Whilst my stay has been relatively short, I believe I have helped position the company for long term success, and the company is in an excellent position to take advantage of the looming renewable energy boom we’re about to experience.”
Transition to include strategic project review
Speaking to the board and leadership changes today, newly appointed executive chairman Grant Davey said: ”It has been a pleasure working with Mike over the past eight months, and we wish him well in the future.
“Mike is an asset for any company, and I have no doubt he will be back in the mining industry in the not-too-distant future.
“Through Mike’s transition period, in addition to assisting on the Bristol Spring project, he will also be completing a strategic review of Metallum Resources, in which Frontier owns a 45% interest.
“Metallum owns 100% of the Superior Lake Zinc Project in Canada, which is the highest-grade zinc project in North America.”
About Frontier
Frontier Energy is a clean energy company developing the BSS project near Waroona in Western Australia.
The BSS asset will provide enough power for 45,000 homes and abate 180,000 tonnes of carbon emissions per year.
The project is 120 kilometres south of Perth within the ‘Golden Triangle’ of Kwinana-Bunbury-Collie, which provides supporting infrastructure and potential offtake customers.