Metro Mining appoints Simon Wensley as the new Managing Director and CEO

Australian exploration and mining company, Metro Mining has appointed Simon Wensley as the new Managing Director and CEO.

Chief Executive Officer and Managing Director Simon Finnis have stepped down from his role effective 5th July 2021 following six and a half years in the position.

Simon Wensley is carrying over three decades of experience in metals and mining, majorly with Rio Tinto as CCO of its energy group, and Managing Director of the bauxite, alumina sales, and marketing division.

Metro Mining said: “Simon Finnis would assist in the transition to Mr. Wensley on an advisory basis over the next 12 months.”

Metro’s appointment of Simon Wensley comes up with a base salary of $540k, which will be to be reviewed each year.

The mining company has revealed that Wensley will receive 80% of his salary in cash during his first year of employment, while the other 20% will be settled by the issuance of share-based payments underperformance rights, the first tranche of which is scheduled to vest on 31st December.