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2026-11-06
◂ Monitor IGO ASX

IGO Limited

Producer · Lithium · Nickel · Copper · Cobalt · Australia · United States Rating locked: sign in to view v8 · igo-20261024t184706-full
Last 2026-11-06
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People, delivery and responsibility

Management background checks

Evidence through 2026-10-31

Research assessment

Executive team

Rating locked: sign in to viewTeam rating and score are available to subscribers

IGO’s team combines international operations, joint-venture development and legal/finance expertise. FY2026 results improved after major FY2025 impairment, while material prior governance and safety outcomes and continued Kwinana shortfall warrant attention. This remains a partial screening with person-specific evidence gaps.

Decision-relevant facts

Material summary

Individual involvement and employer context shown separately

Ivan Vella

Managing Director and Chief Executive Officer

Current
GovernanceDocumented · High materiality

Rio Tinto terminated employment after confidentiality policy breach

Rio Tinto reported that Vella’s employment was terminated on 15 November 2023 because actions did not follow its requirements for managing confidential information. IGO said its board reviewed the facts with Rio Tinto, that Vella accepted accountability for a policy breach and, based on what was known, no information was compromised. Vella expressed regret and said there was no ill intent.

Individual involvement documented · The companies explicitly identify Vella and the policy issue; the specific information and internal investigation details are not public.

Rio Tinto 2023 annual report · Remuneration report, executive changes
CEO appointment and policy-breach response · Page 1, review and Vella response
Company SuccessIssuer Reported · High materiality

FY2026 recovery followed major FY2025 loss

IGO reported a FY2025 net loss of A$954.6m including A$605.1m Kwinana impairment on its 49% basis. FY2026 net profit was A$145.3m; the company cited stronger commodity prices and reported Nova production above guidance, while Kwinana remained below guidance.

Role overlaps event; causation unproven · Vella was CEO; commodity prices, joint-venture operators and teams also affected outcomes, and his personal causal contribution is not established.

IGO FY2025 annual report · Printed pp.22–23 financial review
IGO FY2026 annual report · PDF pp.25–26 financial review
GovernanceDocumented · Medium materiality

Rio post-Juukan relationship repair and communication

Rio appointed Vella interim iron-ore chief after Juukan Gorge’s destruction. In February 2021 traditional owners said they had not been adequately consulted over his replacement, and Rio acknowledged communication mistakes; the joint response said there had been no intention to mislead.

Role overlaps event; causation unproven · He held the interim role after the destruction; the record does not attribute the destruction or communication decision to him.

Evidence gaps · 5
  • Exact historical responsibilities and financial contribution at Rio Tinto are not independently quantified.
  • Detailed original Rio Tinto investigation and any later internal review were not accessible.
  • Degrees and memberships were not independently verified.
  • Court and regulatory searches are not exhaustive.
  • A single combined broad name-and-employer query was reused across nine topics; independent topic-specific and complete regulator/court searches remain incomplete.

Full background report

Ivan Vella

Managing Director and Chief Executive Officer

Career chronology

Education and qualifications

Reported qualifications

Issuer biography · issuer reported · low materiality

IGO reports BBus, MBus and MBA qualifications; awarding institutions and independent confirmation were not established.

Attribution: Responsibility not applicable. These are reported qualifications, not independent verification.

Relevance: Background relevant to the stated role.

IGO FY2026 annual report (Executive biography / appointment)

Contributions and company outcomes

FY2026 recovery followed major FY2025 loss

FY2025–FY2026 · issuer reported · high materiality

IGO reported a FY2025 net loss of A$954.6m including A$605.1m Kwinana impairment on its 49% basis. FY2026 net profit was A$145.3m; the company cited stronger commodity prices and reported Nova production above guidance, while Kwinana remained below guidance.

Attribution: Role overlaps event; causation unproven. Vella was CEO; commodity prices, joint-venture operators and teams also affected outcomes, and his personal causal contribution is not established.

Relevance: Balanced evidence of operating and capital-allocation performance.

IGO FY2025 annual report (Printed pp.22–23 financial review); IGO FY2026 annual report (PDF pp.25–26 financial review)

Governance and interests

Rio Tinto terminated employment after confidentiality policy breach

2023 · documented · high materiality

Rio Tinto reported that Vella’s employment was terminated on 15 November 2023 because actions did not follow its requirements for managing confidential information. IGO said its board reviewed the facts with Rio Tinto, that Vella accepted accountability for a policy breach and, based on what was known, no information was compromised. Vella expressed regret and said there was no ill intent.

Attribution: Individual involvement documented. The companies explicitly identify Vella and the policy issue; the specific information and internal investigation details are not public.

Relevance: Directly relevant to confidential-information governance.

Rio Tinto 2023 annual report (Remuneration report, executive changes); CEO appointment and policy-breach response (Page 1, review and Vella response)

Rio post-Juukan relationship repair and communication

2020–2021 · documented · medium materiality

Rio appointed Vella interim iron-ore chief after Juukan Gorge’s destruction. In February 2021 traditional owners said they had not been adequately consulted over his replacement, and Rio acknowledged communication mistakes; the joint response said there had been no intention to mislead.

Attribution: Role overlaps event; causation unproven. He held the interim role after the destruction; the record does not attribute the destruction or communication decision to him.

Relevance: Context for stakeholder and heritage engagement.

Rio Tinto and PKKP communication after leadership change (Report and joint statement)

Evidence gaps

  • Exact historical responsibilities and financial contribution at Rio Tinto are not independently quantified.

  • Detailed original Rio Tinto investigation and any later internal review were not accessible.

  • Degrees and memberships were not independently verified.

  • Court and regulatory searches are not exhaustive.

  • A single combined broad name-and-employer query was reused across nine topics; independent topic-specific and complete regulator/court searches remain incomplete.

Brett Salt

Chief Development Officer

Current
FailureDocumented · High materiality

Redivium loss and financing pressure during leadership

Redivium reported a A$2.45m loss for FY2024 and its auditor identified material going-concern uncertainty. Salt was CEO from October 2023 and managing director from January to July 2024. After his departure the FY2025 report recorded A$15.59m loss including A$12.95m intangible impairment, and ASX removed the company in August 2026 for unpaid annual listing fees.

Role overlaps event; causation unproven · FY2024 overlapped his role; later impairment and listing removal occurred after he left. Personal causation or responsibility for later events is not established.

Redivium FY2024 annual report · Directors report, audit report pp.25–26 and notes
Redivium FY2025 annual report · FY2025 notes, going concern
Redivium ASX announcement index · ASX listing notice
Company SuccessIssuer Reported · Medium materiality

Greenbushes expansion and operating results

IGO reports the joint-venture-operated Greenbushes mine produced 1.41Mt concentrate in FY2026, with chemical plant 3 commissioning contributing 104kt; a June fire interrupted ramp-up. The September quarter recorded 435kt concentrate at the mine on a 100% basis, with the plant reaching nameplate in September.

Role overlaps event; causation unproven · Salt led IGO development and commercial functions; Talison operates the mine and personal contribution is not independently quantified.

IGO FY2026 annual report · PDF p.25, financial review
Evidence gaps · 6
  • Independent degrees and complete prior-role dates were not established.
  • Specific contribution to Redivium’s financial result is not established.
  • Later delisting followed his departure and does not itself establish responsibility.
  • Court and regulatory searches are not exhaustive.
  • Redivium’s FY2024 annual report gives resignation on 22 July 2024 whereas its FY2025 half-year report says 26 July; the earlier report is used pending reconciliation.
  • A single combined broad name-and-employer query was reused across nine topics; independent topic-specific and complete regulator/court searches remain incomplete.

Full background report

Brett Salt

Chief Development Officer

Career chronology

Education and qualifications

Reported qualifications

Issuer biography · issuer reported · low materiality

IGO reports a Bachelor of Commerce in economics and commercial law; the earlier Redivium biography attributes the degree to Curtin and also reports an investment/risk diploma. Neither was independently verified.

Attribution: Responsibility not applicable. These are reported qualifications, not independent verification.

Relevance: Background relevant to the stated role.

Redivium FY2024 annual report (Executive biography / appointment)

Contributions and company outcomes

Greenbushes expansion and operating results

FY2026–September 2026 · issuer reported · medium materiality

IGO reports the joint-venture-operated Greenbushes mine produced 1.41Mt concentrate in FY2026, with chemical plant 3 commissioning contributing 104kt; a June fire interrupted ramp-up. The September quarter recorded 435kt concentrate at the mine on a 100% basis, with the plant reaching nameplate in September.

Attribution: Role overlaps event; causation unproven. Salt led IGO development and commercial functions; Talison operates the mine and personal contribution is not independently quantified.

Relevance: Context for joint-venture and development oversight.

IGO FY2026 annual report (PDF p.25, financial review); September 2026 quarterly report (Pages 1 and 4)

Business failures and setbacks

Redivium loss and financing pressure during leadership

FY2024–August 2026 · documented · high materiality

Redivium reported a A$2.45m loss for FY2024 and its auditor identified material going-concern uncertainty. Salt was CEO from October 2023 and managing director from January to July 2024. After his departure the FY2025 report recorded A$15.59m loss including A$12.95m intangible impairment, and ASX removed the company in August 2026 for unpaid annual listing fees.

Attribution: Role overlaps event; causation unproven. FY2024 overlapped his role; later impairment and listing removal occurred after he left. Personal causation or responsibility for later events is not established.

Relevance: Relevant to a development executive’s prior financing and commercial context.

Redivium FY2024 annual report (Directors report, audit report pp.25–26 and notes); Redivium FY2025 annual report (FY2025 notes, going concern); Redivium ASX announcement index (ASX listing notice)

Evidence gaps

  • Independent degrees and complete prior-role dates were not established.

  • Specific contribution to Redivium’s financial result is not established.

  • Later delisting followed his departure and does not itself establish responsibility.

  • Court and regulatory searches are not exhaustive.

  • Redivium’s FY2024 annual report gives resignation on 22 July 2024 whereas its FY2025 half-year report says 26 July; the earlier report is used pending reconciliation.

  • A single combined broad name-and-employer query was reused across nine topics; independent topic-specific and complete regulator/court searches remain incomplete.

Suzy Retallack

Chief People and Sustainability Officer

Current
SafetyDocumented · High materiality

Five Newmont workplace fatalities during safety leadership

Newmont recorded one worker death at Brucejack in December 2023 and four deaths at Ahafo North, Cerro Negro and Éléonore in 2024. Its report says each was investigated and learnings shared; the Santa Cruz government confirmed a separate judicial investigation for the two Cerro Negro deaths. Newmont reported zero fatalities in calendar 2025.

Role overlaps event; causation unproven · Retallack was Newmont’s global chief safety and sustainability officer in 2023–2024. Site-level personal responsibility is not established; 2025 is a later company-wide result and her exact 2025 departure date is unconfirmed.

Newmont 2023 sustainability report · Printed p.49 safety performance
Newmont 2024 sustainability report · Safety performance, four fatalities
Newmont 2025 sustainability report · Safety performance, 2025
Newmont 2024 Annual Report to Security Holders · PDF p.102, Item 4 Mine Safety Disclosures
SafetyIssuer Reported · Medium materiality

IGO safety frequency improved then rose in September quarter

IGO reported a 12-month group TRIFR of 3.7 at June 2026 and 4.0 at September 2026; its September report identifies two recordable injuries and reduced exposure hours. Greenbushes and Kwinana are non-operated sites and reported 9.7 and 12.7 respectively.

Role overlaps event; causation unproven · Retallack was Chief People and Sustainability Officer. Rates reflect different sites and exposure; personal causation is not established.

IGO FY2026 annual report · PDF p.93, FY2026 safety scorecard
September 2026 quarterly report · Page 2, safety performance
Evidence gaps · 5
  • Original investigations and final regulatory/court outcomes for the five fatalities were not all located.
  • Exact departure date from Newmont is not established by the reviewed primary sources.
  • Credentials not independently verified with universities.
  • Personal involvement in site-level incidents is not established.
  • A single combined broad name-and-employer query was reused across nine topics; independent topic-specific and complete regulator/court searches remain incomplete.

Full background report

Suzy Retallack

Chief People and Sustainability Officer

Career chronology

Education and qualifications

Reported qualifications

Issuer biography · issuer reported · low materiality

IGO reports degrees in psychology (University of Western Australia), occupational therapy and an MBA (Curtin). The institutions were not independently contacted.

Attribution: Responsibility not applicable. These are reported qualifications, not independent verification.

Relevance: Background relevant to the stated role.

Retallack appointment (Executive biography / appointment)

Industrial safety

Five Newmont workplace fatalities during safety leadership

December 2023–2025 · documented · high materiality

Newmont recorded one worker death at Brucejack in December 2023 and four deaths at Ahafo North, Cerro Negro and Éléonore in 2024. Its report says each was investigated and learnings shared; the Santa Cruz government confirmed a separate judicial investigation for the two Cerro Negro deaths. Newmont reported zero fatalities in calendar 2025.

Attribution: Role overlaps event; causation unproven. Retallack was Newmont’s global chief safety and sustainability officer in 2023–2024. Site-level personal responsibility is not established; 2025 is a later company-wide result and her exact 2025 departure date is unconfirmed.

Relevance: Material prior safety oversight context for current people and sustainability role.

Newmont chief safety and sustainability appointment (June 2023 role appointment); Newmont 2023 sustainability report (Printed p.49 safety performance); Newmont 2024 sustainability report (Safety performance, four fatalities); Argentina government Cerro Negro investigation statement (16 April government statement); Newmont 2025 sustainability report (Safety performance, 2025); Newmont 2024 Annual Report to Security Holders (PDF p.102, Item 4 Mine Safety Disclosures)

IGO safety frequency improved then rose in September quarter

FY2026–September 2026 · issuer reported · medium materiality

IGO reported a 12-month group TRIFR of 3.7 at June 2026 and 4.0 at September 2026; its September report identifies two recordable injuries and reduced exposure hours. Greenbushes and Kwinana are non-operated sites and reported 9.7 and 12.7 respectively.

Attribution: Role overlaps event; causation unproven. Retallack was Chief People and Sustainability Officer. Rates reflect different sites and exposure; personal causation is not established.

Relevance: Safety trend and oversight evidence.

IGO FY2026 annual report (PDF p.93, FY2026 safety scorecard); September 2026 quarterly report (Page 2, safety performance)

Evidence gaps

  • Original investigations and final regulatory/court outcomes for the five fatalities were not all located.

  • Exact departure date from Newmont is not established by the reviewed primary sources.

  • Credentials not independently verified with universities.

  • Personal involvement in site-level incidents is not established.

  • A single combined broad name-and-employer query was reused across nine topics; independent topic-specific and complete regulator/court searches remain incomplete.

Ian Rowe

Interim Chief Financial Officer

Current
GovernanceIssuer Reported · Medium materiality

Interim CFO provides continuity after two departures

IGO disclosed Kathleen Bozanic’s departure in February 2026 and Johan van Vuuren’s resignation effective 29 April; Rowe was appointed interim CFO on 23 June. IGO said a permanent succession process was ongoing.

Individual involvement documented · Rowe’s interim appointment and prior finance role are issuer-documented; no reason for other executives’ departures is inferred beyond issuer disclosures.

IGO FY2026 annual report · PDF p.16, executive renewal
Interim CFO appointment · Page 1, appointment
Evidence gaps · 5
  • Names and exact dates of earlier employers were not established.
  • Professional membership and qualifications not independently checked.
  • Individual contribution to group financial outcomes is not quantified.
  • Permanent CFO succession remains unconfirmed.
  • A single combined broad name-and-employer query was reused across nine topics; independent topic-specific and complete regulator/court searches remain incomplete.

Full background report

Ian Rowe

Interim Chief Financial Officer

Career chronology

Education and qualifications

Reported qualifications

Issuer biography · issuer reported · low materiality

IGO reports BCom, BA, Chartered Accountant and GAICD qualifications. They were not independently checked against institutions or membership bodies.

Attribution: Responsibility not applicable. These are reported qualifications, not independent verification.

Relevance: Background relevant to the stated role.

IGO FY2026 annual report (Executive biography / appointment)

Governance and interests

Interim CFO provides continuity after two departures

February–June 2026 · issuer reported · medium materiality

IGO disclosed Kathleen Bozanic’s departure in February 2026 and Johan van Vuuren’s resignation effective 29 April; Rowe was appointed interim CFO on 23 June. IGO said a permanent succession process was ongoing.

Attribution: Individual involvement documented. Rowe’s interim appointment and prior finance role are issuer-documented; no reason for other executives’ departures is inferred beyond issuer disclosures.

Relevance: Succession and continuity are relevant to financial oversight.

IGO FY2026 annual report (PDF p.16, executive renewal); Interim CFO appointment (Page 1, appointment)

Evidence gaps

  • Names and exact dates of earlier employers were not established.

  • Professional membership and qualifications not independently checked.

  • Individual contribution to group financial outcomes is not quantified.

  • Permanent CFO succession remains unconfirmed.

  • A single combined broad name-and-employer query was reused across nine topics; independent topic-specific and complete regulator/court searches remain incomplete.

Marie Bourgoin

Chief Operating Officer

Current
Company SuccessIssuer Reported · High materiality

Nova exceeded guidance; Kwinana continued below plan

IGO reported FY2026 Nova nickel production of 15,304t, above guidance, and Kwinana hydroxide production of 8,839t against 9,000–11,000t guidance. It reported a fire at Greenbushes CGP3 in June 2026 and restart in August; Talison is the operator.

Role overlaps event; causation unproven · Bourgoin became COO on 1 January 2026. Site teams and partners control operations; personal causation is not established.

IGO FY2026 annual report · PDF pp.25–26 operational and financial review
IGO FY2026 annual report · PDF p.92 COO role change
Personal SuccessDocumented · Medium materiality

Former BHP Newman management role

A 2019 BHP profile identifies Bourgoin as Newman Operations general manager and describes responsibilities for team safety, working environment and productivity.

Individual involvement documented · Contemporaneous employer profile identifies her own role and stated responsibilities; outcomes are not independently measured.

Meet Newman general manager Marie Bourgoin · Newman general manager profile
Evidence gaps · 4
  • Original investigations of relevant mining incidents and specific BHP tenure end dates are not fully established.
  • Reported education and memberships were not independently checked.
  • Personal contribution to joint venture and mining outcomes is not independently quantified.
  • A single combined broad name-and-employer query was reused across nine topics; independent topic-specific and complete regulator/court searches remain incomplete.

Full background report

Marie Bourgoin

Chief Operating Officer

Career chronology

Education and qualifications

Reported qualifications

Issuer biography · issuer reported · low materiality

IGO reports a Master of Science in Business Management from EDHEC and GAICD. The institutions were not independently checked.

Attribution: Responsibility not applicable. These are reported qualifications, not independent verification.

Relevance: Background relevant to the stated role.

Executive leadership team appointments (Executive biography / appointment)

Personal achievements

Former BHP Newman management role

2019 · documented · medium materiality

A 2019 BHP profile identifies Bourgoin as Newman Operations general manager and describes responsibilities for team safety, working environment and productivity.

Attribution: Individual involvement documented. Contemporaneous employer profile identifies her own role and stated responsibilities; outcomes are not independently measured.

Relevance: Relevant large-scale operating experience.

Meet Newman general manager Marie Bourgoin (Newman general manager profile)

Contributions and company outcomes

Nova exceeded guidance; Kwinana continued below plan

FY2026 · issuer reported · high materiality

IGO reported FY2026 Nova nickel production of 15,304t, above guidance, and Kwinana hydroxide production of 8,839t against 9,000–11,000t guidance. It reported a fire at Greenbushes CGP3 in June 2026 and restart in August; Talison is the operator.

Attribution: Role overlaps event; causation unproven. Bourgoin became COO on 1 January 2026. Site teams and partners control operations; personal causation is not established.

Relevance: Mixed operating outcomes are relevant to current COO responsibilities.

IGO FY2026 annual report (PDF pp.25–26 operational and financial review); IGO FY2026 annual report (PDF p.92 COO role change)

Evidence gaps

  • Original investigations of relevant mining incidents and specific BHP tenure end dates are not fully established.

  • Reported education and memberships were not independently checked.

  • Personal contribution to joint venture and mining outcomes is not independently quantified.

  • A single combined broad name-and-employer query was reused across nine topics; independent topic-specific and complete regulator/court searches remain incomplete.

Rebecca Gordon

Principal Company Secretary

Current
Role FitAnalyst Inference · Medium materiality

Governance and legal role

IGO reported Gordon’s appointment as principal company secretary in July 2024, her legal and company-secretariat experience, and reported law, commerce and MBA qualifications. Her employer names before IGO were not established.

Responsibility not applicable · The issuer establishes role and reports qualifications; the role-fit conclusion is an inference and credentials remain unverified.

Principal company secretary appointment · Page 1 appointment and biography
Company secretary appointment · Page 1 continued role
Evidence gaps · 4
  • Prior employers, exact previous roles, and measurable individual outcomes were not established.
  • Degrees and memberships were not independently verified.
  • Common name limits reliable attribution of external records.
  • A single combined broad name-and-employer query was reused across nine topics; independent topic-specific and complete regulator/court searches remain incomplete.

Full background report

Rebecca Gordon

Principal Company Secretary

Career chronology

Education and qualifications

Reported qualifications

Issuer biography · issuer reported · low materiality

IGO reports Bachelor of Laws, Bachelor of Commerce, MBA and GAICD credentials. The awarding institutions and membership were not independently confirmed.

Attribution: Responsibility not applicable. These are reported qualifications, not independent verification.

Relevance: Background relevant to the stated role.

Principal company secretary appointment (Executive biography / appointment)

Suitability for the current role

Governance and legal role

2024–2026 · analyst inference · medium materiality

IGO reported Gordon’s appointment as principal company secretary in July 2024, her legal and company-secretariat experience, and reported law, commerce and MBA qualifications. Her employer names before IGO were not established.

Attribution: Responsibility not applicable. The issuer establishes role and reports qualifications; the role-fit conclusion is an inference and credentials remain unverified.

Relevance: Relevant to ASX disclosure and governance processes.

Principal company secretary appointment (Page 1 appointment and biography); Company secretary appointment (Page 1 continued role)

Evidence gaps

  • Prior employers, exact previous roles, and measurable individual outcomes were not established.

  • Degrees and memberships were not independently verified.

  • Common name limits reliable attribution of external records.

  • A single combined broad name-and-employer query was reused across nine topics; independent topic-specific and complete regulator/court searches remain incomplete.

Alastair McDonald

Head of Legal and Company Secretary

Current
Role FitAnalyst Inference · Medium materiality

Corporate legal and secretarial experience

IGO appointed McDonald as additional company secretary in April 2026 and reported over 20 years’ corporate-law experience. A secondary profile identifies previous roles at law firms and Tata Steel Europe; its full history is paywalled and dates remain unverified.

Responsibility not applicable · The IGO role is issuer-documented; the applicability of reported prior experience to current legal oversight is an inference.

Evidence gaps · 4
  • The full Business News profile was subscription restricted.
  • Degree and law-practice history were not independently verified with institutions or employers.
  • Specific individual results and complete career chronology remain unestablished.
  • A single combined broad name-and-employer query was reused across nine topics; independent topic-specific and complete regulator/court searches remain incomplete.

Full background report

Alastair McDonald

Head of Legal and Company Secretary

Career chronology

  • Company Secretary from 24 April 2026; legal head start date unknown: IGO Limited — Head of Legal and additional Company Secretary. Company secretary appointment (Page 1)

  • Reported in secondary profile; dates and complete tenure not independently established: Minter Ellison, Norton Rose Fulbright and Tata Steel Europe — Corporate legal roles. Alastair McDonald professional biography (Accessible profile preview)

Suitability for the current role

Corporate legal and secretarial experience

2026 appointment; earlier periods uncertain · analyst inference · medium materiality

IGO appointed McDonald as additional company secretary in April 2026 and reported over 20 years’ corporate-law experience. A secondary profile identifies previous roles at law firms and Tata Steel Europe; its full history is paywalled and dates remain unverified.

Attribution: Responsibility not applicable. The IGO role is issuer-documented; the applicability of reported prior experience to current legal oversight is an inference.

Relevance: Relevant to legal and corporate governance responsibilities.

Company secretary appointment (Page 1); Alastair McDonald professional biography (Accessible biography preview)

Evidence gaps

  • The full Business News profile was subscription restricted.

  • Degree and law-practice history were not independently verified with institutions or employers.

  • Specific individual results and complete career chronology remain unestablished.

  • A single combined broad name-and-employer query was reused across nine topics; independent topic-specific and complete regulator/court searches remain incomplete.