American Rare Earths (ARR) has announced that current Non-Executive Director Richard Hudson has been named Non-Executive Chairman, replacing Ken Traub, who will remain on the board as a Non-Executive Director. Mr. Sten Gustafson has been appointed Deputy Chairman of the Company. Sten joined the Company as a Non-Executive Director in January 2022.

He is a highly experienced energy service industry executive, investment banker, and corporate securities attorney with over 25 years of experience in the global energy sector. Mr. Richard Hudson, who joined the Board as a Non-Executive Director on February 8, 2022, has been a Chartered Accountant for over 40 years and owned and managed his own practice for 38 years. He holds a B. Com from the University of NSW, is a Fellow of CA ANZ, Registered Company Auditor and SMSF Auditor.

Richard is experienced in strong corporate governance & strong internal controls, resolving shareholder disputes, advising on business sales, acquisitions & mergers. He is currently Chairman of a private Contract Research Organisation in Animal Health operating in Australia & New Zealand. He is Company Secretary of a group of Emergency Veterinary Practices operating throughout Australia.

He was previously Chairman for many years of manufacturing business operating in the marine industry in Australia, New Zealand, and Asia.