08:29 AM EDT, 10/29/2025 (MT Newswires) -- 5N Plus ( FPLSF ) on Wednesday said its board of directors appointed Richard Perron to the role of president, effective Nov. 1, in addition to his current role as chief financial officer.

A statement noted that the appointment is part of the company's CEO succession plan, with Perron expected to assume the role of president and chief executive officer effective May 31, 2026.

The company said that Gervais Jacques will continue in his role as CEO through May 31, 2026, at which time he will be appointed to the position of executive chairman of the board. Luc Bertrand, current chairman of the board, will become lead independent director.

The company said that Perron has over 30 years of international business experience, including senior leadership roles in both high-technology and heavy industries. He has served as CFO of 5N Plus ( FPLSF ) since March 2014. Before joining 5N Plus ( FPLSF ), Perron was CFO and strategy manager for Long Carbon Americas at ArcelorMittal.

Jacques was appointed president and CEO of 5N Plus ( FPLSF ) in March 2022 after serving as interim president and CEO since December 2021. He has been a director of the company since 2020. He is the former managing director and chief commercial officer of Rio Tinto Aluminium and has some 35 years of international leadership experience in metals and advanced materials, added the company.

A statement further noted that the company has initiated a comprehensive search process to identify a successor for the CFO role.

"Richard's business acumen, strategic insight and deep understanding of our sector make him the ideal choice to lead 5N+ into the future," said Bertrand. "Since joining the company in 2014, Richard has played a pivotal role in driving 5N+'s financial strategy, advancing its growth objectives and strengthening overall performance. We are confident that with Richard at the helm, 5N+ will continue to grow, innovate and raise the bar - for employees, customers and shareholders."