Lithium Argentina announced Sam Pigott as president and chief executive officer (CEO) of the company. The decision will be effective on March 18, 2024. Pigott will also join the Board of Directors of Lithium Argentina. He will succeed John Kanellitsas, the company's interim chairman, president and CEO, who will continue his role as executive chairman of the Board.
"The unanimous decision of the Board to select Sam is excellent. The rigorous search process has resulted in the appointment of an exceptional executive who possesses the necessary qualities to properly lead Lithium Argentina (…) I am confident that Mr. Pigott understands the challenges inherent in complex, multicultural organizations and will be a critical component in the Company's continued success," commented Mr. Kanellitsas.
Through a statement, the company revealed that Sam Pigott has acquired a solid understanding of Lithium Argentina's operations and development plans through his roles as president of the Shareholders Committee at the joint venture entity, Minera Exar, which owns the Caucharí-Olaroz project in Argentina, and as a member of the senior leadership team at Ganfeng Lithium, the company's partner in Caucharí-Olaroz.
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"I look forward to the company's next phase of transition and growth, including ramping up operations at the Caucharí-Olaroz project. As an emerging producer, Lithium Argentina is well positioned to succeed through market cycles. I am also grateful to John Kanellitsas continues as CEO so that we continue to benefit from his experience and critical insight," Pigott said.
Sam Pigott has approximately 20 years of experience in mining, lithium, capital markets, business development and finance. He has an MBA from the University of Oxford and a BA in Economics and History from McGill University. He joins Lithium Argentina from Ganfeng Lithium, where he has led the International Business Development group for the past six years. He is an outstanding executive and strategic leader with a strong track record in corporate development and capital allocation with strong risk management. Prior to joining Ganfeng in 2018, he worked at several financial institutions and investment banks in a variety of senior roles. Pigott currently resides in Toronto, Canada.
The Data
Lithium Argentina, in partnership with Ganfeng Lithium, is increasing production from the Caucharí-Olaroz lithium brine operation in Argentina and advancing the development of additional lithium resources in the region.