Annelie Lundström has been appointed as Veracio’s new CEO, replacing JT Clark, in the midst of a management shake-up.
Veracio was recently acquired by American Industrial Partners (“AIP”), a middle-market private equity firm focused on the purchase and improvement of industrial businesses with operations in the United States, Canada and other developed markets.
Veracio is a pioneer in AI and geology solutions integrated with science and OBK. The company offers a range of solutions that enhance, automate and digitally transforms exploration, resource definition and production for mining customers. Championing a modern approach across a diverse product portfolio, Veracio fuses science and technology with digital accessibility through the use of advanced scanning, sensing with robust data governance and AI deployment to accelerate real-time decision making and significantly improve efficiency, profitability and sustainability worldwide.
Coming in as CEO, Annelie will take responsibility for strengthening the company’s culture of pioneering spirit and operational excellence, setting the company up for sustainable growth.
“I am grateful and happy for this new appointment that will allow me to lead our talented team and to fostering partnerships with clients which will transform the way the mining industry approaches geoscience and orebody knowledge, increasing informed and data-supported decision making”, says the CEO.
Lundström has an MSc. in engineering and industrial management from Chalmers University of Technology in Sweden, and also specialized in entrepreneurship at the master’s level where she co-founded Minalyze in 2009. She was also named a finalist in the EY Entrepreneur of the Year 2024 awards in the Swedish national final.
Veracio’s board have expressed optimism, highlighting that the acquisition process is being properly guided and represents a very positive change for the growth and future of the company.
