Overview of executive management changes at Andromeda Metals Limited

Andromeda Metals Limited (ASX: $ADN) has announced changes to its executive management, with Bob Katsiouleris, the current Chief Executive Officer and Managing Director, deciding to step down from the role due to personal reasons. He will continue to work for the Company as an advisor to the Board, based in Europe, until 31 July 2024. Luke Anderson has been appointed as the new Chief Executive Officer and Managing Director, effective 1 August 2024. A market briefing regarding these changes is scheduled for today.

Executive commentary on the management changes at Andromeda Metals Limited

The Board expresses gratitude to Bob for his energy and leadership in refocusing the business and welcomes Luke Anderson, emphasizing his extensive international industrial minerals and financial experience, which are perfectly matched to Andromeda's strategic needs. The Board also acknowledges Bob's commitment to remain as an advisor to the Board, ensuring the execution of Andromeda's commercial strategy and long-term growth potential for the benefit of shareholders.

Summary of Andromeda Metals Limited's executive management changes and outlook

Andromeda Metals Limited has undergone executive management changes with the appointment of Luke Anderson as the new Chief Executive Officer and Managing Director. The Board's confidence in Anderson's expertise and experience highlights the strategic alignment with Andromeda's goals, particularly in progressing the development of The Great White Project and ensuring long-term success. Bob Katsiouleris will continue to contribute as an advisor to the Board, further supporting the company's commercial strategy and long-term growth potential. The market briefing scheduled for today will provide investors with an opportunity to gain insights into these management changes and the company's future direction.