Almonty Industries appoints new chief development officer

Almonty Industries (ASX:AII), a global tungsten producer, has appointed financial veteran Guillaume Wiesenbach de Lamaziere, CFA, as Chief Development Officer.

In his new role, Wiesenbach de Lamaziere will lead corporate development strategy and execution across Almonty’s operations.

Wiesenbach de Lamaziere brings more than 30 years of experience in financial management and capital markets, having held senior leadership roles including CEO and COO/CFO at AIG Asset Management Europe Ltd. and Banque AIG.

He has overseen the management of assets exceeding $37 billion across 40 countries and successfully reduced Banque AIG's derivative and structured-product portfolio from $300 billion to $1 billion, returning over $2 billion in capital to the parent company without losses.

His career also includes roles at Natixis Capital Markets, Goldman Sachs, and Arthur Andersen.

Almonty Chairman and CEO Lewis Black said, "With active operations now underway at our Sangdong Tungsten Mine, Guillaume’s experience across CEO, CFO, and COO roles positions him to provide strong governance, disciplined capital allocation, and strategic corporate development guidance. His expertise will be critical as we advance our Sangdong and Panasqueira Mines and accelerate development of our South Korean and US-based projects."

At the time of reporting, Almonty Industries' share price was $13.43.