Cobalt Blue (ASX:COB) has announced a key leadership transition, with current CEO Joe Kaderavek set to move into the non-executive role of deputy chairman of the board, effective April 30.
Dr. Andrew Tong will succeed him as CEO, beginning May 1.
Kaderavek will continue to contribute to COB's strategic direction in his new role, ensuring his industry knowledge and leadership remain integral to the company's growth.
Tong, a long-standing member of COB's executive team with over seven years of experience, brings a proven track record in project development and a deep understanding of the company's strategic and operational goals.
His appointment marks a new chapter in leading Cobalt Blue through its next phase of development.
At the time of reporting, Cobalt Blue's share price was $0.066.