Stillwater Mining Company Announces Appointment of Peter O'Hagan as a Board Member
March 19 2015 - 4:15PM
Stillwater Mining Company (NYSE:SWC) a leading
producer of platinum group metals (PGM's), today announced the
appointment of Peter O'Hagan to the Company's Board of Directors,
effective March 16, 2015.
Commenting on the appointment, Brian Schweitzer, Chairman of the
Board, stated, "Peter has had a long and distinguished career with
Goldman Sachs where his leadership as Co-Head of the Global
Commodities business brings valuable expertise to our Company. He
has a breadth of knowledge that covers the commodities markets
including metal sales and trading. As we seek to grow our business
and manage our way through volatile metals markets, we are
confident that Peter's depth of knowledge and focus on risk
management and financial controls will add value to our
Company."
Mick McMullen, Chief Executive Officer stated, "I look forward
to working with Peter, whose skill set is an exceptional fit for
the Company as we build on our strengths. Peter's expertise on the
commodities side of the business is especially useful for us as we
look to build out this area of our business."
Peter O'Hagan Background
Peter O'Hagan joined KKR in 2014 as an Executive in Residence of
the Energy & Infrastructure group following almost 23 years
working at Goldman Sachs where he most recently co-headed the
global commodities business and served as head of origination and
structuring. He began his career at Philipp Brothers in New York
and Tokyo. He then joined Goldman Sachs in the metals department in
New York in 1991 as an associate. He became a managing
director in 2000, and a partner in 2002. In 2008, Mr. O'Hagan
became the founding CEO of Goldman Sachs Bank USA when Goldman
became a federally regulated bank holding company (BHC). He led
Goldman Sachs Bank, with $110 billion in assets, from its inception
in October 2008 to March 2011. He returned to Global Commodities to
co-head the business and lead sales and structuring again until the
end of 2013. Mr. O'Hagan, based in New York City, holds a
B.A., International Relations from the University of Toronto and an
M.A. from Johns Hopkins School of Advanced International
Studies.
About Stillwater Mining Company
Stillwater Mining Company is the only U.S. miner of platinum
group metals (PGMs) and the largest primary producer of PGMs
outside of South Africa and the Russian Federation. PGMs are rare
precious metals used in a wide variety of applications, including
automobile catalysts, fuel cells, hydrogen purification,
electronics, jewelry, dentistry, medicine and coinage. The Company
is engaged in the development, extraction and processing of PGMs
from a geological formation in south-central Montana known as the
J-M Reef. The J-M Reef is the only known significant source of PGMs
in the U.S. and the highest-grade PGM resource known in the world.
The Company also recycles PGMs from spent catalytic converters and
other industrial sources. The Company owns the Marathon PGM-copper
deposit in Ontario, Canada, and the Altar porphyry copper-gold
deposit located in the San Juan province of Argentina. The
Company's shares are traded on the New York Stock Exchange under
the symbol SWC. Information about the Company can be found at its
website: www.stillwatermining.com.
CONTACT: Mike Beckstead
(406) 373-8971
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