Alumina’s Mike Ferraro to replace CEO Peter Wasow

Company News

by Jessica Amir

Alumina Limited (ASX:AWC) has announced its Chief Executive Officer and Managing Director, Peter Wasow will retire on 31 May 2017.

The world's largest alumina and bauxite producer says a current Director of the Board, Mike Ferraro will become the new CEO from 1 June 2017.

Mike Ferraro has been a senior lawyer and investment banker in Australia and London. He was also Chief Legal Counsel at BHP (ASX:BHP) from 2008 to 2010.

Alumina says it searched extensively for the next Chief Executive and Mike Ferraro’s professional experience and time on the board will ensure there is a smooth transition.

Share in Alumina Limited (ASX:AWC) are currently trading 2.83% higher at $1.89.
 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?