# Christopher Shepherd

Executive Director and CFO

## Career chronology

- **CFO since 15 November 2021; director since 23 December 2022: Nickel Industries** — Executive Director and CFO. [2025 Annual Report](<https://announcements.asx.com.au/asxpdf/20260424/pdf/06ytpyf3cfjq10.pdf>) (management biography and governance)

## Personal achievements

### Reported career and role [nic-shepherd_background]

Career and current role · issuer reported · low materiality

The issuer reports prior investment-banking roles and Pallinghurst battery-materials work, and states he became CFO in November 2021 before joining the board in December 2022.

**Attribution:** Individual involvement documented. The issuer describes the role and background; independent verification is limited.

**Relevance:** Relevant to the person’s present remit.

[2025 Annual Report](<https://announcements.asx.com.au/asxpdf/20260424/pdf/06ytpyf3cfjq10.pdf>) (pp. 15–18 director and management biographies); [Board and Management](<https://nickelindustries.com/about-us/board-management/>) (Christopher Shepherd profile)

## Contributions and company outcomes

### Hengjaya quarter and water-constrained processing [nic-shepherd_finance]

July–October 2026 · issuer reported · medium materiality

Nickel reported September 2026 quarter ore production of 6.14 million wet tonnes and first ENC mixed hydroxide and nickel cathode commissioning products; it said dry conditions restricted ENC ramp-up and later cut RKEF operation.

**Attribution:** Role overlaps event; causation unproven. Financial and operational outcomes are company-level and not a measure of individual causation.

**Relevance:** Relevant to financing and execution monitoring.

[September 2026 Quarterly Activities Report](<https://financialfilings.com/filings/nickel-industries-limited/interim-quarterly-report/2026/74410831/>) (pp. 1–5 and ENC operations)

## Evidence gaps

- Independent confirmation of credentials and complete employment dates remains incomplete.

- Targeted open-web searches are limited; original court, regulator, prior-employer and Indonesian-language records were not exhaustively obtained.
