Stillwater Mining Appoints Michael McMullen As CEO - Quick Facts

(RTTNews) - Stillwater Mining Co. (SWC, SWC_U.TO), a producer of platinum group metals, announced that it has appointed Michael McMullen as its Chief Executive Officer, effective immediately. He will be based in Billings, Montana. He serves on the Company's Board of Directors and will continue to do so in addition to his duties as Chief Executive Officer.

The company said that its Board expressed its appreciation to Terrell Ackerman, who served as interim Chief Executive Officer of the Company since June of 2013, and who remains Vice President of Corporate Development.

In June 2013, Stillwater Mining had said that its Chief Executive Officer, Frank McAllister announced his retirement from the company.

Before joining Stillwater Mining Company, McMullen previously served as a Principal at MRI Advisory AG, a private company focusing on the development of metal and minerals projects in the Americas, Europe and Africa.

During his 21-year career, McMullen has been responsible for the development of several large open pit and underground mines in Australia, Europe and Latin America.

McMullen has served in a variety of management, directorship, and investment roles in the metals and mining industry. His most recent experience includes positions as Executive Chairman of Nevada Iron Limited, and Executive Chairman of Lachlan Star Limited. McMullen also formed Northern Iron Limited in 2007, which developed a 19,000 tpd iron ore mine in Norway with 400 employees and contractors; at Northern Iron Limited, he served as Managing Director from 2007 to 2009 and President of Northern Iron Marketing AG until June 2010.

Before this, he was a Partner and Audit Manager at RSG Global Consulting Pty Ltd, a large mining consultancy firm. Before joining to RSG Global Consulting Pty Ltd, McMullen was Executive Technical Director of Tritton Resources Limited.