Peak Rare Earths Limited announced the appointment of Mr. Russell Scrimshaw as Executive Chairman, effective 15 August 2022. Mr. Scrimshaw is a distinguished corporate executive and company director with experience in large scale mining project development and operations, product marketing, finance, business development and technology. Mr. Scrimshaw was a founding director of Fortescue Metals Group and served in executive roles including Deputy CEO and Executive Director.

He was a key part of the management team that developed Fortescue's mining, port and rail operations and was instrumental in establishing Fortescue's strong relationships with large steel mill groups across a vast Asian customer base. More recently Mr. Scrimshaw was Chairman of UK-listed Sirius Minerals PLC, which is developing a large Polyhalite fertilizer project in North Yorkshire, in close proximity to Peak's Teesside refinery site. He has also held senior executive positions at the Commonwealth Bank of Australia and Optus.

Mr. Scrimshaw is currently Chairman of the Garvan Research Foundation, a non-Executive Director of the Garvan Institute of Medical Research and Vice Chairman of Ignition Wealth. With effect from Mr. Scrimshaw's appointment, Peak's existing Non-Executive Chairman Tony Pearson will continue as Deputy Chairman and Managing Director Bardin Davis will now assume the role of Chief Executive Officer, stepping down from the Board to focus on his executive duties.