ASX:SRX

SIERRA RUTILE HOLDINGS PTY LTD

AUD
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Board & Leadership

Sierra Rutile has a strong Board and management team that have the requisite skills and experience to deliver sustainable value for shareholders

Board

Greg Martin Chair

Mr Martin contributes 40 years’ experience in the mining, utilities, financial services, energy and energy related infrastructure sectors in Australia, New Zealand and internationally. Mr Martin currently serves as an independent, non-executive Director and Chair of Global Energy Ventures, non-executive Chair of Hunter Water Corporation, non-executive Deputy Chair of Western Power Corporation and non-executive Chair of Mawson Infrastructure Group. Mr Martin was a non-executive director and Chairman of Iluka from 2013 to 2022. Mr Martin holds a Bachelor of Economics from the University of Sydney and a Bachelor of Laws from Western Sydney University. He is also a Fellow of the Australian Institute of Management and a Member of the Australian Institute of Company Directors. As well as chairing the Board, Mr Martin chairs the Company’s People & Nomination Committee

Theuns de Bruyn Managing Director

Mr de Bruyn joined Sierra Rutile in August 2019, as the Chief Operating Officer and was appointed Chief Executive Officer in January 2021. He has over 25 years’ experience in the mineral sector, starting his career with BHP where he worked across various commodities and departments including Operations and Business Development. Mr de Bruyn has held a range of senior positions including Executive Vice President of Processing with Lonmin Platinum and as Chief Operating Officer for Metorex. Mr de Bruyn holds a Bachelor of Engineering in Chemical Engineering from the University of Pretoria and a Master of Business Administration from Heriot Watt University.

Martin Alciaturi Finance Director

Mr Alciaturi has more than 40 years’ experience across investment banking, corporate finance, and as a mining executive. Mr Alciaturi is currently a Non-Executive Director at 29Metals. His previous roles include Partner in Charge of Corporate Finance at Ernst & Young Perth, Head of Corporate Finance (Perth) at Macquarie Capital and Chief Financial Officer at Aquila Resources. Mr Alciaturi holds a Bachelor of Science (with honours) in Mechanical Engineering from University College London, and a Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australia. He is a Fellow of Chartered Accountants Australia and New Zealand, and a member of the Australian Institute of Company Directors.

Graham Davidson Non-Executive Director

Mr Davidson has over 30 years’ professional experience of executive and board positions with a track record of leading large multicultural teams on natural resource projects, across three continents. Mr Davidson is currently Managing Director at Millstream Consultants. He has held a range of senior positions including Managing Director of Rio Tinto’s Simandou project, Chief Executive Officer of Rio Tinto’s Port Waratah Coal Services and General Manager of Operations at Rio Tinto’s Uranium project in Namibia. Mr Davidson has also served on several non-profit and governing boards. Mr Davidson holds a Bachelor of Engineering in Mechanical Engineering from Newcastle University and a Diploma of Maintenance Management from Central Queensland University. He is also a member of the UK Institute of Directors, member of the Australian Institute of Company Directors and the Institute of Engineers Australia and various associations within. Mr Davidson chairs the Company’s Sustainability & Social Accountability Committee.

Joanne Palmer Non-Executive Director

Ms Palmer has over 25 years’ of industry experience providing audit and assurance services on company listings, mergers, acquisitions and takeovers and significant experience in auditing internal mining companies. Ms Palmer is currently an Executive Director at Pitcher Partners, a Non-Executive Director of Paladin Energy, a Non-Executive Director of NextOre, a company operating in the mining technology field, and a Councillor at the Association of Australian Mining and Exploration Companies (AMEC). Prior to her existing roles, Ms Palmer was an equity Partner at EY in the Assurance Practice and led EY’s Financial Accounting Advisory Services team in Perth for three years prior to her departure. Ms Palmer holders a Bachelor of Science (with honours) in Mathematics and Statistics from the University of Birmingham. She is a fellow of both the Chartered Accountants Australia and New Zealand and Institute of Chartered Accountants in England & Wales. She also holds a graduate diploma from the Australian Institute of Company Directors and is a Registered Company Auditor with the Australian Securities and Investments Commission. Ms Palmer chairs the Company’s Audit & Risk Committee.

Leadership Team

Theuns de Bruyn Managing Director & Chief Executive Officer

Mr de Bruyn joined Sierra Rutile in August 2019, as the Chief Operating Officer and was appointed Chief Executive Officer in January 2021. He has over 25 years’ experience in the mineral sector, starting his career with BHP where he worked across various commodities and departments including Operations and Business Development. Mr de Bruyn has held a range of senior positions including Executive Vice President of Processing with Lonmin Platinum and as Chief Operating Officer for Metorex. Mr de Bruyn holds a Bachelor of Engineering in Chemical Engineering from the University of Pretoria and a Master of Business Administration from Heriot Watt University.

Martin Alciaturi Finance Director

Mr Alciaturi has more than 40 years’ experience across investment banking, corporate finance, and as a mining executive. Mr Alciaturi is currently a Non-Executive Director at 29Metals. His previous roles include Partner in Charge of Corporate Finance at Ernst & Young Perth, Head of Corporate Finance (Perth) at Macquarie Capital and Chief Financial Officer at Aquila Resources. Mr Alciaturi holds a Bachelor of Science (with honours) in Mechanical Engineering from University College London, and a Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australia. He is a Fellow of Chartered Accountants Australia and New Zealand, and a member of the Australian Institute of Company Directors.

Eben Lombard Chief Operating Officer

Mr Lombard joined Sierra Rutile in August 2020 and served as the General Manager Services. He was appointed as Chief Operating Officer in December 2021. He has 22 years’ experience in metals and minerals processing in various commodities including steel, chrome, platinum, copper, cobalt and lead and worked for Arcelor Mittal Steel in his early career. Mr Lombard held senior positions including Head of Processing/Production in Arcelor Mittal Steel, Samancor Chrome, Lonmin Platinum, Metorex and ERG Africa as well as General Manager in the ZIMCO and the Welding Alloys Groups. Mr Lombard holds a Bachelor of Science in Metallurgical Engineering from the University of Pretoria, a Master of Business Administration from the University of the Free State and a Certificate in the Fundamentals of Financial Management from Stellenbosch University.

Maurice Cole Chief Financial Officer

Mr Cole joined Sierra Rutile in October 2017 as Finance Manager and was promoted in September 2019 to the position of Chief Finance Officer. He has over 30 years’ experience in the Accounting and Auditing. He started his career with KPMG and has worked in various sector including Energy, Banking, Petroleum and mining. Mr Cole previously held a number of senior positions including Financial Controller, Chief Finance Officer and Managing Director of the biggest Petroleum Company in Sierra Leone (NP(SL)LTD) before joining Sierra Rutile. Mr Cole holds qualifications from the Association of Chartered Certified Accountants of England and Wales and the Association of Accounting Technicians of England. He is also a Fellow of the Association of Chartered Accountants of England and Wales and a Fellow of the Association of Chartered Accountants of Sierra Leone.

Derek Folmer General Manager Marketing

Mr Folmer joined Sierra Rutile in April 2013 and transitioned to be Vice President TiO2 Sales for the Americas and Europe for Iluka in 2017. He will be reappointed as General Manager Marketing by Sierra Rutile post Demerger. Mr Folmer has over 25 years of commercial experience in the mineral sands sector, including 9 years of active involvement with Sierra Rutile, where he was Chief Marketing Officer and also a director of the company’s in-country board. He has also held previous senior positions including General Manager Sales and Marketing for Rutile and Zircon at Rio Tinto. Mr Folmer holds a Bachelor of Engineering in Mining Engineering and a Master of Business Administration in Finance, both from McGill University, and is a member of the Quebec Order of Engineers.

Sue Wilson General Counsel and Company Secretary

Ms Wilson is an experienced General Counsel and senior executive. She is currently a consultant at Iluka after retiring as General Counsel and Company Secretary of Iluka in September 2021. Sue was previously the Head of Company Secretariat at South32 following the demerger from BHP Billiton. She was also General Counsel and Company Secretary and a member of the executive team at Bankwest and HBOS Australia. Prior to joining Bankwest, Ms Wilson was a partner of law firm Parker & Parker (now part of Herbert Smith Freehills). She is currently the Chair of aged care provider, Amana Living. She was previously the Pro Chancellor and a member of the Council at Curtin University, Chairman of the WA State Council of the Governance Institute of Australia and is a former non-executive director of Western Power. Ms Wilson holds a Bachelor of Jurisprudence and a Bachelor of Laws from the University of Western Australia. In 2021, Sue was awarded an Honorary Doctorate from Curtin University for exceptional leadership and wise counsel to Curtin University and the community. She is also a Fellow of the Australian Institute of Company Directors and the Governance Institute of Australia.