Pilbara Minerals (ASX:PLS) Shares Fall as CFO Luke Bortoli Departs Amid Lithium Market Pressure

Wed 04 Jun 25, 02:05 AM |

Highlights

Pilbara Minerals shares drop to AUD 1.13, down nearly 80% from 2023 highs.

CFO Luke Bortoli to leave after helping secure AUD1 billion credit facility.

Quarterly lithium production and sales decline by over 30% compared to prior quarter.

Pilbara Minerals Ltd (ASX: PLS) continued to face pressure in its share price on Tuesday, trading around AUD 1.13 as the company announced the departure of Chief Financial Officer Luke Bortoli. Bortoli, who joined Pilbara Minerals in early 2023 after serving as CFO at Afterpay, will remain during a transition period to ensure an orderly handover before pursuing other opportunities.

During his tenure, Bortoli contributed to securing an AUD 1 billion Revolving Credit Facility and supported the acquisition of Latin Resources, among other strategic initiatives. The company has commenced a formal search for a new CFO.

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