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Highfield Resources appoints experienced international mining director as CEO

Board chairman Richard Crookes will continue to act in the interim CEO role until July 2020.

Highfield Resources Ltd - Highfield Resources appoints experienced international mining director to the board as CEO
Highfield has three tenement areas in Spain

Highfield Resources Ltd (ASX:HFR) (FRA:23H) has appointed experienced international mining executive Ignacio Salazar to join the group as chief executive officer from July 2020.

Salazar is an international executive with an extensive career in the natural resources industry encompassing both multinational companies and junior miners.

He has worked in many countries throughout Europe as well as several countries in South America and is a proven leader with extensive line management experience, most recently with the AIM and TSX-listed Orosur Mining Inc (LON:OMI) (TSE:OMI) (OTCMKTS:OROXF) where he enjoyed an 11-year career.

Born and educated in northern Spain and speaking five languages, Salazar has had a successful international career spanning more than 30 years including 18 years with Royal Dutch Shell plc (LON:RDSB).

“Energetic and recognised leader”

Highfield's chairman and interim CEO Richard Crookes said: “After conducting a thorough global search we are delighted and excited that Ignacio has chosen to join us as we advance through this challenging time and onwards towards construction and production at our world-class Muga Potash Project.

“Ignacio is an energetic and recognised leader with a strong history of building relationships across cultures and with internal and external stakeholders.

“He has raised capital and developed projects in a wide range of jurisdictions, and we look forward to him building Muga to be a safe, successful and sustainable potash producer”.

International experience

Following the completion of his university studies, Salazar joined the treasury department of Hidrola (now Iberdrola), a large multinational electric utility in Spain.

He then relocated to London with Management Horizon (now part of PwC) as a marketing consultant, followed by a return to Madrid to start working with Shell.

He was soon assigned into an international career within Shell, where he led sizeable teams in finance and new business development in several upstream oil and gas subsidiaries in the UK, Germany, Denmark and Argentina.

Salazar also held positions in central offices in London and The Hague, where he provided services to Shell entities worldwide.

“Potential to create a sustainable potash business”

On his appointment, Salazar said: “I am delighted to be joining the Highfield team in Pamplona in this crucial moment and keen to start contributing to the company.

“Highfield has the ingredients and the potential to create a sustainable potash business with its Muga project in Spain.

“I look forward to working with Richard, the board and the entire team to make sure we realise that potential and create significant value for shareholders and all stakeholders alike.”

Quick facts: Highfield Resources Ltd

Price: 0.58 AUD

ASX:HFR
Market: ASX
Market Cap: $191.12 m
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