IGO (ASX:IGO) has stood by its appointment of Ivan Vella, who will begin his tenure as the Managing Director and Chief Executive Officer of IGO on the 11th of December, 2023.

The announcement follows a review by the Board regarding Ivan's departure from Rio Tinto, in which it was found that confidential information under his control was not entirely handled adhering to proper procedures.

Vella has accepted responsibility for the policy breach.

Despite this, no information was compromised and the Board continues to have confidence in Vella's character, integrity, and professionalism.

Vella expressed regret over his early departure from Rio Tinto but is eager to commence work with IGO.