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The Metals Company (NASDAQ: TMC) has appointed former ExxonMobil Upstream president Liam Mallon to its board of directors, adding more than 40 years of global energy and offshore operating experience as the company advances plans for commercial-scale deep seabed mineral production.
Mallon spent 35 years with Mobil and ExxonMobil, most recently serving as president of ExxonMobil Upstream Company and vice president of ExxonMobil Corporation before retiring in 2025. During his tenure, he oversaw ExxonMobil’s global upstream portfolio, managed annual capital deployment of between US$20B and US$30B, and played key roles in major growth initiatives including the Guyana development and the US$60B acquisition of Pioneer Natural Resources.
The appointment comes at a pivotal time for TMC as it works through the US regulatory process for exploration and commercial recovery of polymetallic nodules. Mallon will chair the board’s Sustainability and Innovation Committee, helping guide offshore project development, operational scaling, and innovation initiatives.
Liam Mallon commented, “TMC is leading a new offshore critical minerals industry from concept, exploration and technology demonstration to commercial operations. I have spent much of my career developing complex and unconventional resources in challenging environments on land and at sea, and building the organizations to operate them safely and reliably at scale. Bringing that experience to TMC as it prepares to establish the world’s first commercial subsea mining operation on the high seas is a compelling opportunity. I look forward to supporting the team through this next phase.”
Gerard Barron, chairman and CEO of TMC, commented, “Liam brings the experience that matters as we prepare for commercial operations: delivering complex offshore projects and overseeing major capital investment. His perspective will strengthen our Board’s oversight of execution, capital allocation and risk as we work to translate our resource opportunity into long-term shareholder value.”
Mallon’s appointment follows recent progress in TMC’s US permitting efforts. In August, the National Oceanic and Atmospheric Administration published TMC USA’s consolidated application for an exploration licence and commercial recovery permit covering the USA-A area, while also initiating the environmental review process for a separate exploration licence application over the USA-B area.
The company believes the addition of a senior executive with extensive offshore development and capital allocation experience strengthens its leadership team as it moves closer to potential commercial production and seeks to establish a new domestic source of critical minerals for the USA.
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