Stillwater Mining Company Assigns New Management Responsibilities
BILLINGS, MT--(Marketwire - August 23, 2011) - STILLWATER MINING COMPANY (NYSE: SWC) (TSX: SWC.U) announced today a reorganization of responsibilities within its management team.
Mr. Terry Ackerman will transition from his current role as Vice President of East Boulder Operations to the newly created position of Vice President of Projects. In this role, Mr. Ackerman will oversee the existing Marathon Project in Ontario, Canada and, following the closing of the Peregrine Metals acquisition, the Altar Project in the San Juan province of Argentina. Mr. Stan Emms, the General Manager for the Marathon Project, will report to Mr. Ackerman. Mr. Ackerman has extensive knowledge of both projects and a strong background in mine planning and copper operations. Mr. Ackerman will be based at the corporate headquarters in Billings, Montana.
Mr. Kevin Shiell, will assume responsibility for operations at the Company's East Boulder Mine in addition to his current responsibilities as Vice President for Operations at the Company's Stillwater Mine. Mr. Shiell has served as General Manager of the East Boulder Mine in the past and is well acquainted with the operation.
These changes are effective immediately.
Regarding these moves, Francis R. McAllister, Stillwater Chairman and CEO, commented, "These management changes come at a time when Stillwater Mining Company is broadening its focus in order to build significant long-term value for our shareholders. I am very pleased to be able to draw on the depth of experience within our internal management team in moving the Company forward. In his new role, Terry's extensive planning skills and PGM-copper experience will contribute invaluably toward bringing our new properties into production. Kevin is a strong leader who understands well the keys to the success of our Montana operations, and I am fully confident in his ability to continue the excellent performance there."
Stillwater Mining Company is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and the Russian Federation.
Mr. Terry Ackerman will transition from his current role as Vice President of East Boulder Operations to the newly created position of Vice President of Projects. In this role, Mr. Ackerman will oversee the existing Marathon Project in Ontario, Canada and, following the closing of the Peregrine Metals acquisition, the Altar Project in the San Juan province of Argentina. Mr. Stan Emms, the General Manager for the Marathon Project, will report to Mr. Ackerman. Mr. Ackerman has extensive knowledge of both projects and a strong background in mine planning and copper operations. Mr. Ackerman will be based at the corporate headquarters in Billings, Montana.
Mr. Kevin Shiell, will assume responsibility for operations at the Company's East Boulder Mine in addition to his current responsibilities as Vice President for Operations at the Company's Stillwater Mine. Mr. Shiell has served as General Manager of the East Boulder Mine in the past and is well acquainted with the operation.
These changes are effective immediately.
Regarding these moves, Francis R. McAllister, Stillwater Chairman and CEO, commented, "These management changes come at a time when Stillwater Mining Company is broadening its focus in order to build significant long-term value for our shareholders. I am very pleased to be able to draw on the depth of experience within our internal management team in moving the Company forward. In his new role, Terry's extensive planning skills and PGM-copper experience will contribute invaluably toward bringing our new properties into production. Kevin is a strong leader who understands well the keys to the success of our Montana operations, and I am fully confident in his ability to continue the excellent performance there."
Stillwater Mining Company is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and the Russian Federation.
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