Atlantic Lithium has announced sweeping executive pay cuts and a streamlined leadership structure as part of cost-saving measures aimed at fast-tracking the development of Ghana’s first lithium mine.
Under the new changes, Executive Chairman Neil Herbert will step down to become Non-Executive Chairman effective July 1, 2025 — a move the company says will reduce executive costs and strengthen Board oversight.
At the same time, CEO Keith Muller has voluntarily accepted a 10% salary reduction, bringing his annual fixed remuneration to A$427,500 for the next 12 months.
We are taking decisive steps to streamline our leadership and reduce costs, ensuring we are well-positioned to deliver long-term value for Ghana and our shareholders,” said CEO Keith Muller.
The changes consolidate day-to-day management under Muller, a seasoned mining executive with more than 20 years of experience in lithium operations.
The company said this realignment ensures operational focus as it moves toward construction and eventual production at the Ewoyaa Lithium Project in Ghana.
Transitioning to Non-Executive Chairman and consolidating management under Keith ensures a sharper focus on operational delivery and cost control as we move towards construction at Ewoyaa,” added Herbert.
Atlantic Lithium reaffirmed its commitment to delivering Ghana’s first lithium-producing mine and said it continues to work closely with the Government of Ghana to secure terms that reflect current market dynamics and maximize benefits for local communities.
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