Peninsula Energy Ltd strengthens financial skillset with new executive director


Peninsula Energy Ltd (ASX:PEN, OTCQB:PENMF) has strengthened the financial skillset of its board with the elevation of Rachel Rees to the role of executive director of Finance and Corporate Affairs.

Rees, who has been a non-executive director of Peninsula since February 2022, will also assume the roles of chief financial officer and joint company secretary.

She has held senior executive roles in multinational listed and unlisted companies for more than 25 years in highly regulated environments across diverse industries including mining and energy and industrial conglomerates.

Rees embarks on her new executive role at an important time for Peninsula, as the company works towards restarting uranium production at its flagship Lance Projects, in Wyoming, United States. 

International uranium experience

Peninsula managing director Wayne Heli said: “During her time with Peninsula as a non-executive director, Ms Rees has demonstrated and displayed the key qualities and skills we require within the business, as we move the company towards production following the decision to restart uranium operations at our flagship Lance Projects.

“Ms Rees is a highly regarded professional with commercial acumen and excellent international uranium experience.

“This is a great appointment for Peninsula, and I look forward to working closely with Rachel as we transition into a uranium producer and focus on delivering long-term value to all stakeholders.”

Pivotal period

Rees will succeed Ron Chamberlain as the company’s CFO and company secretary.

Chamberlain will be leaving the company after a short handover period and the company thanks him for his ‘valued contribution’ during the tenure.

Rees said, “Being part of the Peninsula team over the past year as a non-executive director has been a valuable and rewarding experience and has been highlighted by seeing firsthand the hard work of the team and their determination to execute successfully on our growth strategy and progress towards production operations at Lance.

“As Peninsula embarks towards our biggest milestone to date by restarting operations during a pivotal period and one that will be crucial to the uranium sector, I am delighted to take on more responsibility through the role of executive director Finance and Corporate Affairs.

“I am excited and enthusiastic about the future of Peninsula and look forward to delivering value within the executive team.”