Serra Verde Group (“the Group”) is pleased to announce the appointment of Scott Lewis as Chief Financial Officer (“CFO”) with immediate effect.
Scott has more than 30 years’ experience of international accounting, corporate finance and business planning primarily in the natural resources industry. He has served as CFO at listed and unlisted businesses and held senior roles in investment banking and private equity.
Scott was most recently Group CFO of Heritage Oil Limited, a private oil exploration and production company which operates one of the largest onshore oil assets in Nigeria and has exploration interests in Ghana and Papua New Guinea.
Prior to joining Heritage Oil, Scott was acting CFO of the Toronto Stock Exchange listed Oryx
Petroleum Corporation before it was acquired and renamed Forza Petroleum. He has also held senior roles with Merrill Lynch International and Leopard Capital as well as positions with The Sterling Group and the First Reserve Corporation.
Scott joins the Group at a key juncture in its development as a major player in the critical minerals and rare earths sector as Phase I of the Serra Verde mine in Brazil ramps up commissioning work in readiness for commercial operation by the end of the year.
Scott Lewis, Serra Verde Group CFO said:
“I’m delighted to be joining Serra Verde at a pivotal moment for both the business and the wider critical minerals industry. Serra Verde, with its unique product containing all four critical magnetic rare earth elements, promises to be a major contributor to the global energy transition. The Group is well positioned to expand its operations and interests globally and I am excited to join an executive team with both the vision and ambition to make a difference.”
Serra Verde CEO Thras Moraitis said:
“Scott brings a wealth of experience to the Group that will help us build upon the foundations we have put in place. We have identified a number of exciting potential opportunities for the Group and Scott will be a key driving force in helping us realise our ambition to become a leading provider of critical magnetic rare earths to the permanent magnet industry as well as key end users such as the EV and wind turbine sectors.”
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Forward-Looking Statements
This release contains forward-looking statements. Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as "expects," "believes," "intends," "anticipates," "plans," "estimates," "forecast," "guidance," "potential," "possible," or "probable" or statements that certain actions, events or results "may," "will," "should," or "could" be taken, occur or be achieved. The forward-looking statements include statements about the completion of construction of Phase I of the Pela Emma deposit, expected benefits of REEs, production, financial position and business strategy.
Forward-looking statements are based on current expectations and assumptions and analyses made by Serra Verde and its management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors appropriate under the circumstances. However, whether actual results and developments will conform to expectations is subject to a number of material risks and uncertainties, including but not limited to the ability to complete construction of Phase I of the Pela Ema deposit on time and within budget, the success of production and the market for and prices of REEs. Serra Verde undertakes no obligation to revise or update publicly any forward-looking statements except as required by law.