Management ChangeAug 5, 2026, 07:17 AM
Ivanhoe Electric Appoints Michelle Lammers as COO
AI Summary
Ivanhoe Electric Inc. announced the appointment of Michelle Lammers as Chief Operating Officer and Daniel Worthy as Senior Vice President, Operations and General Manager for the Santa Cruz Copper Project, both effective September 1, 2026. Ms. Lammers brings over 20 years of leadership experience in copper mining from ASARCO LLC, while Mr. Worthy has over 20 years of underground mining experience from Nevada Gold Mines, Barrick, and Gold Fields. Glen Kuntz, the current principal operating officer, will transition to Senior Vice President, Mine Development, focusing on the Santa Cruz Copper Project, which is on track for its updated Preliminary Feasibility Study completion in September 2026.
Key Highlights
- Michelle Lammers appointed Chief Operating Officer, effective September 1, 2026.
- Daniel Worthy appointed Senior Vice President, Operations and General Manager for Santa Cruz Copper Project, effective September 1, 2026.
- Ms. Lammers' annual base salary set at $350,000.
- Ms. Lammers eligible for short-term bonus target of 75% of base salary.
- Ms. Lammers eligible for long-term bonus target of 150% of base salary.
- Glen Kuntz will continue as Senior Vice President, Mine Development.
- Santa Cruz Copper Project Preliminary Feasibility Study remains on track for completion in September 2026.
Price Impact
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