American Rare Earths: Appoints new CEO and MD

American Rare Earths Appoints new CEO and MD

• American Rare Earths (ARR) appoints a new leader to its ranks, following the stepping down of its CEO and Managing Director, effective from November 1
• Chris Gibbs has been appointed to the role of Managing Director, CEO and Board member, which comes with a $350,000 yearly salary
• Mr Gibbs succeeds Keith Middleton, who will step down from his role, but remain a member of the ARR team through a transition period until 2022
• The appointment comes as American RareEarths prepares to list on the US OTC, with a current market capitalisation of $60 million
• American RareEarths is down 2.56 per cent, trading at 19 cents at 3:15 pm AEDT