Board members
MMG Limited is governed by a Board of directors, currently comprising nine directors - two being executive directors, four being non-executive directors and three independent non-executive directors.
The Board includes:
Chairman
Mr Lixin Wang
Mr Wang, aged 45, was appointed the Chairman of MMG on 1 April 2011. He is a member of the company’s Remuneration and Nomination Committee.
Prior to his appointment as the Chairman, Mr Wang served as an Executive Director and a Vice President of Minmetals Resources Limited (please refer to the Company History for further information on Minmetals Resources Limited) from October 2005 until December 2007; and a Non-executive Director from January 2008 until June 2009. He was appointed the Vice Chairman and a Non-executive Director of MMG from July 2009 until December 2009; and a Non-executive Director from December 2009 until his appointment as the Chairman in April 2011. Mr Wang has also served as a director of a number of subsidiaries of the company.
Mr Wang has also been an Independent Director of Maike Metals International Limited since January 2013.
Mr Wang holds a Bachelor of Arts in International Trade from the University of International Business and Economics in the People’s Republic of China and has more than 14 years’ experience in foreign trade and corporate management, as well as five years’ experience with government services.
Mr Wang joined the Ministry of Foreign Trade and Economic Cooperation in 1990 and China Minmetals Corporation (CMC) Group in 1995. From 2007 to 2009, he was the President of China Minmetals Non-ferrous Metals Company Limited (CMN) and a director of Shanxi Guanlv Co. Ltd, a company listed on the Shenzhen Stock Exchange (Shanxi Guanlv) from April 2009 to December 2009.
Executive Directors
Mr Andrew Michelmore
Mr Michelmore, aged 60, was appointed as the Managing Director and CEO of MMG from its formation in June 2009 until its acquisition by Minmetals Resources Limited (see Company History) in December 2010. He then became the Executive Director and the CEO of the company in December 2010. He is a member of the Company’s Safety, Health, Environment and Community Committee.
Mr Michelmore is also a director of a number of subsidiaries of the company. Prior to joining MMG, Mr Michelmore was the CEO of Zinifex Limited followed by OZ Minerals Limited. He is a director of Century Aluminum Company (a company listed on the NASDAQ and the Iceland Stock Exchange). Prior to his role as the CEO of Zinifex Limited, Mr Michelmore spent two years working in London and Russia as the CEO of En+ Group.
Mr Michelmore has more than 30 years’ experience in the metals and mining industry including 12 years at WMC Resources Limited, where he was the CEO, and prior to that, he held senior roles in the company’s nickel, gold, alumina, copper, uranium and fertiliser businesses.
Mr Michelmore holds a First Class Honours degree in Engineering (Chemical) from the University of Melbourne and a Master of Arts in Politics, Philosophy and Economics from Oxford University. He is a Fellow of the Institution of Chemical Engineers, the Institution of Engineers Australia and the Australian Academy of Technological Sciences and Engineering.
Mr Michelmore is also Chairman of the International Zinc Association (IZA), Chairman of the Jean Hailes Foundation for Women’s Health, Chairman of the Council of Ormond College at the University of Melbourne and a member of the ICMM, Minerals Council of Australia and the Business Council of Australia.
Mr David Lamont
Mr Lamont, aged 47, was appointed as the CFO of MMG from its formation in June 2009. He became an Executive Director of the company in December 2010 following its acquisition by Minmetals Resources Limited (see Company History). Mr Lamont is also a director of a number of subsidiaries of the company.
Mr Lamont holds a Bachelor of Commerce degree and is a qualified Chartered Accountant. He is a member of the Institute of Chartered Accountants and was an Audit Supervisor at Deloitte Haskins and Sells before commencing a corporate career.
After progressing through a number of senior roles in the chemical and agricultural industries, Mr Lamont was appointed the CFO of Incitec Limited in 1999. He joined BHP Billiton in 2001 where he held a number of senior roles including the CFO of BHP Billiton’s Energy Coal and Carbon Steel Materials Groups. He joined OZ Minerals Limited as the CFO from October 2008 until June 2009. Prior to that he had served as the CFO at PaperlinX Limited from 2006 to 2008 and an Executive Director from February 2008 to September 2008.
Mr Xu Jiqing
Mr Xu, aged 45, was appointed as an Executive Director and Executive General Manager – Strategic Planning in May 2013. Prior to that, he served as a Non-executive Director of the company from May 2009 until May 2013 and a member of the company’s Audit Committee from July 2009 until May 2013.
Mr Xu is a director of a number of subsidiaries of the company. He has also been a director of China Minmetals Non-ferrous Metals Holding Company Limited (CMNH) since December 2009. Mr Xu has been a director of Album Enterprises Limited (Album Enterprises) and Hunan Nonferrous Metals Holdings Group Co., Ltd since December 2005 and July 2010 respectively. He is also a director of Copper Partners Investment Co., Ltd (Copper Partners Investment).
Mr Xu holds a Bachelor’s degree in Accounting from the University of International Business and Economics in the People’s Republic of China, and a Master of Business Administration from Saint Mary’s University in Canada. He is a qualified senior accountant in the People’s Republic of China and is a fellowship member of the Certified General Accountants Association of Canada (FCGA). Mr Xu has extensive experience in accounting and corporate financial management.
Mr Xu joined the CMC Group in 1991. In 1997, he was the Manager of Finance at Minmetals Development Co. Ltd., and was later promoted to Vice General Manager in 1999 and General Manager in 2000. He was also the General Manager of Finance at China National Nonferrous Metals Industry Trading Group Corporation from July 2001 to April 2002, and the General Manager of Finance at CMN from April 2002 to December 2007. Mr Xu was the CFO of CMN from December 2005 to November 2007 and was the Vice President and CFO of CMN from December 2007 to May 2013. He was the Vice President and CFO of CMNH from January 2011 to May 2013.
Non-executive Directors
Mr Jiao Jian
Mr Jiao, aged 44, was appointed as a Non-executive Director of MMG in June 2009, and is a member of the Company’s Remuneration and Nomination Committee.
Mr Jiao is a director of certain subsidiaries of the company. He has also been a director and the President of CMN since December 2009 and May 2010 respectively, and a director and the President of CMNH since December 2009 and January 2011 respectively. Mr Jiao has been the Chairman of Album Enterprises since November 2011 and a director of Hunan Nonferrous Metals Holdings Group Co., Ltd since July 2010. He is a director of Copper Partners Investment. Mr Jiao has also been the Chairman of the board of directors of Shanxi Guanlv since April 2010.
Mr Jiao holds a Bachelor's degree in International Economics from the Nankai University in the People’s Republic of China and a Master of Business Administration from Saint Mary’s University in Canada. He has extensive experience in international trade, investment and corporate management.
Mr Jiao joined the CMC Group in 1992. He was the Vice President of CMN from 2007 to May 2010.
Mr Gao Xiaoyu
Mr Gao, aged 43, was appointed as a Non-executive Director of MMG in April 2011. He is a member of the company’s Audit Committee and Safety, Health, Environment and Community Committee.
Mr Gao is a director of certain subsidiaries of the company. He has also served as the Vice President of CMNH since January 2011 and the Vice President of CMN since January 2008.
Mr Gao holds a Master’s degree in Business Management from The Renmin University of China in the People’s Republic of China. He has extensive experience in enterprise risk management and control.
Mr Gao joined the CMC Group in 1993. He has worked in the Futures department of China Nonferrous Metals Import and Export Corporation from 1993 to 1997. Mr Gao was the General Manager of the Risk Management department of CMN from 2000 to 2009.
Independent Non-executive Directors
Dr Peter Cassidy
Dr Cassidy, aged 67, was appointed as a Non-Executive Director of MMG from its formation in June 2009. He was then appointed as an Independent Non-executive Director of the company in December 2010 following its acquisition by Minmetals Resources Limited (see Company History). He is the Chairman of the company’s Remuneration and Nomination Committee and the Safety, Health, Environment and Community Committee. Dr Cassidy is also a member of the company’s Audit Committee.
Dr Cassidy is a metallurgical engineer with more than 40 years’ experience in the resource and energy sectors, including more than 20 years as a director of major public companies. He was an Independent Non-executive Director of Oxiana Limited (2002 to 2007); Zinifex Limited (2004 to 2008); Sino Gold Mining Limited (2002 to 2009); Lihir Gold Limited (2003 to 2010); OZ Minerals Limited (2008 to 2009); and Energy Developments Limited (2003 to 2009). Dr Cassidy was also Non-executive Chairman of Allegiance Mining NL (April to July 2008) and a director of Eldorado Gold Corporation (2010). He was CEO of Goldfields Limited from 1995 until its merger with Delta Gold Limited in 2002 to form Aurion Gold Limited (AurionGold). Prior to 1995, Dr Cassidy was Executive Director – Operations of RGC Limited. He remained a director of AurionGold until January 2003.
Dr Cassidy has most recently been involved in the development and operation of major mining and processing projects in Australia, the People’s Republic of China, Laos, Papua New Guinea and the Cote d’Ivoire. He is also a member of the Board of Advice of the Monash University Division of Mining and Resources Engineering.
Mr Anthony Charles Larkin
Mr Larkin, aged 70, was appointed as an Independent Non-executive Director of MMG in November 2011. He is the Chairman of the company’s Audit Committee and a member of the company’s Remuneration and Nomination Committee.
Mr Larkin has been a Fellow of the Australian Society of Certified Practising Accountants and the Australian Institute of Company Directors since 1984 and 1992, respectively. He received his accounting education from Wollongong Technical College and Sydney Technical College. Mr Larkin has extensive experience in enterprise audit and risk management.
Mr Larkin has been a Non-executive Director of Incitec Pivot Limited (a company listed on the Australian Stock Exchange) since 2003. He is chair of the Audit and Risk Committee and a member of the Nominations Committee of Incitec Pivot Limited. Mr Larkin has also been a director of Oakton Limited (a company listed on the Australian Stock Exchange) since 2009. He chairs the Audit and Risk Committee and is a member of the Remuneration and Appointments Committee of Oakton Limited.
Mr Larkin was previously a director of Corporate Express Australia Limited, a company listed on the Australian Stock Exchange (2004 to 2010), and Eyecare Partners Limited, a company listed on the Australian Stock Exchange (2007 to 2010), being the Chairman of their respective Audit and Risk Committees. Mr Larkin was also a director and Chairman of the Audit and Risk Committee and Remuneration and Appointments Committee of OZ Minerals Limited, a company listed on the Australian Stock Exchange (2008 to 2009), a director and Chairman of the Audit and Risk Committee and a member of the Remuneration and Appointments Committee of Zinifex Limited, a company formerly listed on the Australian Stock Exchange (2004 to 2008), Chairman of the company and member of the Remuneration and Appointments Committee of Ausmelt Limited, a company formerly listed on the Australian Stock Exchange (2003 to 2007), and the Executive Director of Finance of Orica Limited, a company listed on the Australian Stock Exchange (1998 to 2002).
Mr Leung Cheuk Yan
Mr Leung, aged 61, was appointed as an Independent Non-executive Director of MMG in July 2012. He is a member of the company’s Audit Committee and the Remuneration and Nomination Committee.
Mr Leung is a solicitor admitted to practise law in Hong Kong, England and Wales, and Victoria and the Australian Capital Territory, Australia. He holds a degree of Bachelor of Social Science (First Class Honours) from the Chinese University of Hong Kong, and a Master of Philosophy from the University of Oxford. Mr Leung, a corporate finance and capital markets specialist, was a partner of Baker & McKenzie and for many years the head of its securities practice group in Hong Kong. He retired from Baker & McKenzie in 2011.