Sherritt appoints finance veteran interim CFO to steer through Cuba challenges
Having warned shareholders of acute financial, legal and operational challenges ahead owing to US sanctions in Cuba last month, TSX-listed Sherritt International Corporation has appointed Fitzroy Richardson as interim CFO effective immediately.
The company explains Richardson’s appointment will provide experienced financial leadership as the corporation works to complete its outstanding quarterly filings, an important step toward seeking a revocation of a failure-to-file cease trade order issued by the Ontario Securities Commission on May 21.
“Richardson brings deep knowledge of Sherritt’s business, strong financial leadership and extensive experience across treasury and international operations. His appointment strengthens our leadership team at an important time providing continuity and support," says Sherritt interim president and CEO Peter Hancock.
Richardson is a seasoned finance executive with nearly 30 years of experience at Sherritt, where he has held a range of senior finance and treasury roles.
Having held a number of senior roles at the company, his latest position has been president of a Sherritt subsidiary called New Providence Metals Marketing.
Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt. The corporation operates a strategically important refinery in Alberta, Canada, recognised as the only significant cobalt refinery and one of just three nickel refineries in North America.
For context, the US administration announced an executive order on May 1, which involved expanded sanctions against Cuba. The company has since suspended its direct participation in joint venture activities in Cuba and is working with stakeholders and advisers to implement appropriate steps to address the US executive order.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation

















