Deep Yellow welcomes new CEO as part of ongoing uranium growth strategy

The Deep Yellow Ltd (ASX: DYL) share price is in focus today after the company announced the confirmed start date for its new Managing Director and CEO, Greg Field. The board highlighted ongoing progress on Deep Yellow’s strategy to become a leading global uranium producer and gave thanks to outgoing Acting CEO Craig Barnes.

What did Deep Yellow report?

• Confirmation of Greg Field’s commencement as Managing Director and CEO on 2 February 2026
• Craig Barnes to return to his role as Chief Financial Officer after serving as Acting CEO
• Continued dual-pillar growth strategy focused on uranium production and development
• Portfolio includes advanced projects: Tumas (Namibia) and Mulga Rock (Western Australia)

What else do investors need to know?

The Deep Yellow board expressed confidence in Greg Field’s experience, noting his leadership comes as the company nears key decisions for its flagship Tumas Project and wider asset portfolio. Executive Chair Chris Salisbury highlighted a smooth leadership transition, thanking Craig Barnes for his work as Acting CEO.

Deep Yellow continues to pursue growth with exploration at Alligator River and Omahola, alongside merger and acquisition opportunities that align with its strategy. The company remains focused on positioning itself as a reliable, long-term producer in a sector responding to growing demand for clean, baseload power.

What did Deep Yellow management say?

The Board’s Executive Chair Chris Salisbury said:

The Board is pleased to have Greg start earlier in the role. We are looking forward to Greg’s considerable experience and his leadership as we move towards critical decisions for our Tumas Project and other developments in our portfolio.

What’s next for Deep Yellow?

Looking ahead, Deep Yellow will finalise its executive leadership transition and continue progressing development decisions for its advanced uranium projects. The company’s dual-pillar growth plan remains unchanged, with attention on project approvals, expansion opportunities, and sector developments in uranium supply and demand.

Deep Yellow’s trajectory is anchored by both project advancement and ongoing exploration activity. Management also signals interest in further M&A should opportunities align with the company’s long-term vision.

Deep Yellow share price snapshot

Over the past 12 months, Deep Yellow shares have surged 58%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 7% over the same period.

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The post Deep Yellow welcomes new CEO as part of ongoing uranium growth strategy appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.