HOUSTON, Aug. 11, 2022 (GLOBE NEWSWIRE) — Itafos Inc. (TSX-V: IFOS) announced today the appointment of Matthew O’Neill as Chief Financial Officer. Mr. O’Neill succeeds George Burdette who is stepping down from his role as CFO to pursue other interests.
“We are pleased to announce the appointment of Matthew O’Neill as our new CFO. Matthew brings a wealth of experience and expertise in all aspects of finance and will be instrumental as we look to continue to execute on our strategic initiatives. On behalf of the Company, I would also like to thank Mr. Burdette for his service and contributions,” said G. David Delaney, CEO of Itafos.
Mr. O’Neill is a senior executive with over 25 years of experience in financial management, corporate development, planning, treasury, insurance, risk management and financial reporting. During his career, Mr. O’Neill has raised in excess of $7 billion in capital across both US and international markets. Prior to joining Itafos, Mr. O’Neill served as CFO at Hawkwood Energy LLC (“Hawkwood Energy”), a private equity backed oil and gas company, where he has responsible for all aspects of financial management. Prior to Hawkwood Energy, Mr. O’Neill held roles including Group Financial Controller and General Manager for the treasury, tax and insurance functions at Oil Search Limited. Prior to that, Mr. O’Neill worked at Woodside Petroleum Limited where he held multiple positions including Group Planning Manager, Assistant Treasurer and Finance Manager. Mr. O’Neill also worked for BHP Billiton Limited where he held various finance roles of increasing seniority. Mr. O’Neill began his career in accounting and audit, having served at Arthur Andersen and Ernst & Young. Mr. O’Neill holds a bachelor of commerce from the University of Melbourne and is a member of the Institute of Chartered Accountants in Australia and New Zealand.
In connection with his appointment as CFO, Mr. O’Neill received a grant of 82,230 restricted share units under the Company’s restricted share unit plan.
About Itafos
The Company is a phosphate and specialty fertilizer company. The Company’s businesses and projects are as follows:
- Conda – a vertically integrated phosphate fertilizer business located in Idaho, US with production capacity as follows:
- approximately 550kt per year of monoammonium phosphate (“MAP”), MAP with micronutrients (“MAP+”), superphosphoric acid (“SPA”), merchant grade phosphoric acid (“MGA”) and ammonium polyphosphate (“APP”); and
- approximately 27kt per year of hydrofluorosilicic acid (“HFSA”);
- Arraias – a vertically integrated phosphate fertilizer business located in Tocantins, Brazil with production capacity as follows:
- approximately 500kt per year of single superphosphate (“SSP”) and SSP with micronutrients (“SSP+”); and
- approximately 40kt per year of excess sulfuric acid (220kt per year gross sulfuric acid production capacity);
- Farim – a high-grade phosphate mine project located in Farim, Guinea-Bissau;
- Santana – a vertically integrated high-grade phosphate mine and fertilizer plant project located in Pará, Brazil; and
- Araxá – a vertically integrated rare earth elements and niobium mine and extraction plant project located in Minas Gerais, Brazil.
In addition to the businesses and projects described above, the Company also owns Paris Hills (Idaho, US) and Mantaro (Junin, Peru), which are phosphate mine projects that are in process of being wound down.
The Company is a Delaware corporation that is headquartered in Houston, TX. The Company’s shares trade on the TSX Venture Exchange (“TSX-V”) under the ticker symbol “IFOS”. The Company’s principal shareholder is CL Fertilizers Holding LLC (“CLF”). CLF is an affiliate of Castlelake, L.P., a global private investment firm.
For more information, or to join the Company’s mailing list to receive notification of future news releases, please visit the Company’s website at www.itafos.com.
