Jerry Jiao has been appointed MMG’s new chief executive. Image: MMG.
By Elizabeth Fabri
FORMER MMG chairman Jerry Jiao has been named the company’s new chief executive, following the resignation of long-time boss Andrew Michelmore.
On 15 February Mr Jiao stepped down from his role as chairman, and was replaced by former MCC Group chairman Guo Wenqing.
Mr Jiao has served as director on MMG’s board since the company’s inception in 2006 and was appointed chairman in 2014.
“I am excited by the opportunity to lead this dynamic company – underpinned by quality assets and talented people,” Mr Jiao said.
“We remain as committed as ever to growing our business and to delivering value for our shareholders, our employees and our communities.”
Mr Jiao said after eight years at the helm of MMG, Mr Michelmore handed over the business in very good health.
“Andrew has been an inspirational and tireless leader who has shepherded the company from its beginnings as Minerals and Metals Group in 2009, public listing as Minmetals Resources Limited, rebranding as MMG and the successful acquisitions of Kinsevere and most recently, Las Bambas,” he said.
Mr Michelmore would continue with MMG until 1 July to assist with the transition and said his decision to retire was not an easy one.
“Over the past eight years we have built a unique company and I am particularly pleased to be handing over to Jerry, a founding member of MMG and, since 2014, our Chairman,” Mr Michelmore said.
“It was Jerry with whom I held the first discussions regarding the creation of MMG. Jerry has been critical to the MMG strategy and the business model is in Jerry’s blood. He is uniquely placed to steer the business forward.”