BRISBANE: Greenvale Energy Limited (ASX: GRV) announced Monday the appointment of Alex Cheeseman as its new chief executive officer, effective immediately. Cheeseman, a seasoned resources executive with over 20 years of experience, will lead the company’s growth strategy, focusing on resource development and shareholder value.
Cheeseman’s background includes leadership roles in ASX-listed mining and exploration companies, with expertise in commodities such as iron ore, lithium and base metals. He holds a Bachelor’s Degree in Physics, a Master’s Degree in Applied Science and is a military veteran of the Iraq and Afghanistan campaigns.
“Alex brings the right blend of experience and skills we need to take the company forward,” said Greenvale Chairman Neil Biddle, who transitioned to non-executive chairman upon Cheeseman’s appointment.
Cheeseman’s remuneration includes a fixed annual salary of $300,000 and performance-based incentives tied to share price milestones and strategic achievements. The incentives comprise 12 million performance rights, with vesting conditions linked to stock performance and corporate milestones over 24 months.