- Equinox Resources (EQN) appoints Jiahe “Gower” He as its new CEO
- Mr He has over 20 years’ experience in the resources sector, having been an Executive Director at Red Dirt Metals (RDT) and held senior positions at Mitsui & Co
- He takes over from Daniel Taylor who resigned as the company’s Managing Director and CEO back in May 2022
- Equinox’s Chairman Robert Martin says appointing a “highly experienced” executive will allow EQR to achieve its goals in Western Australia and Canada
- Shares in EQN last traded at 12.5 cents on January 6
Equinox Resources (EQN) has appointed Jiahe “Gower” He as its new CEO.
Mr He has over 20 years’ experience in the resources sector, having been an Executive Director at Red Dirt Metals (RDT) and holding senior positions at Mitsui & Co.
At Mitsui, he oversaw strategic trade and investment plans across a variety of commodities including iron ore, lithium, and other battery related minerals.
Mr He also managed stakeholders at Mitsui across various levels within the mining industry, both domestically and internationally, planning and executing divisional strategies to the Australian and Japanese head quarters.
Given his experience, Equinox Chairman Robert Martin said the incoming CEO would help the company achieve its goals.
“The appointment of a highly experienced executive such as Gower as Chief Executive Officer will allow us to continue to work towards our strategic plans of developing our world class Hamersley iron ore assets and to work in parallel on the exploration of our recently secured Canadian exploration areas,” Mr Martin said.
Mr He takes over from Daniel Taylor who resigned as the company’s Managing Director and CEO back in May 2022.
In joining Equinox, the new CEO will receive $265,000 a year including superannuation.
During his employment, Mr He can participate in a long term incentive plan that comprises one million performance rights, based on the company achieving certain milestones over the next three years.
Tranche one of the incentive plan comprises 250,000 performance rights upon the company achieving a 40 cent volume weighted average price (VWAP) over 20 days on or before January 31, 2026.
Tranche two would include another 250,000 performance rights upon the company achieving a 60 cent VWAP over 20 days by the same date.
Tranche three comprises 500,000 performance rights and is based on the company securing a mutually binding off-take agreement with a bankable counter-party for at least 30 per cent of a phase one production plan on or before January 31, 2026.
Shares in EQR last traded at 12.5 cents on January 6.