Australia's Lynas appoints new CEO

Australian rare earth miner Lynas Corp. (ASX:LYC) announced Monday the promotion of Eric Noyrez to chief executive officer as of March 31.

Noyrez, who was chief operating officer for the last 12 years,  will take over from Nicholas Curtis, who will remain on the board of directors and be responsible for strategy development.

The company said it was a good time for the planned CEO transition to take place following the recent first products coming out of its Malaysia rare earths plant.

Prior to Lynas, Noyrez spent nine years with Rhodia, a French chemical group now part of the multinational Solvay Group. He was head of the its silcea division, which is a major consumer of rare earths. Before that he worked with Shell, managing chemical and industrial businesses, as well as automotive group Peugeot/Citroen.

The Lynas advanced materials plant (LAMP) in Malaysia is the world's largest for rare earths processing.

Related: Lynas produces its first rare earths in Malaysia

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