Appointment of Angus Barker and Board evolution

EQS-News: Vulcan Energy Resources Limited / Key word(s): Personnel Appointment of Angus Barker and Board evolution 13.09.2024 / 13:35 CET/CEST The issuer is solely responsible for the content of this announcement.   Appointment of Angus Barker and Board evolution

Vulcan Energy Resources Limited (Vulcan, ASX: VUL, FSE: VUL, the Company) is pleased to announce several changes to its Board of Directors (the Board), in preparation for the Company transitioning to the execution phase of project development. 

 

Highlights

• The changes will ensure the Board’s core competency skills and experience enable it to effectively support and guide management towards commercial production, following the completion of Phase One project financing, as well as allowing room on the Board for the potential appointment of strategic investor nominee Directors. 
• Mr Angus Barker, an experienced director with a strong background in corporate finance and public company boards, will join the Board as Non-Executive Director effective 13 September 2024.
• As part of the transition to a more streamlined Board, longest-serving non-executives Mr Gavin Rezos, Ms Annie Liu and Ms Ranya Alkadamani will retire from the Board during Q4 2024.
• Mr Gavin Rezos will step down as Non-Executive Deputy Chair effective 31 December 2024. Mr Rezos served on the Board as inaugural Non-Executive Chair from 2019 to June 2023, and thereafter as Deputy Chair supporting Dr Francis Wedin in his new role as Executive Chair from July 2023. Mr Rezos has provided invaluable stewardship, guidance and vision during the Company’s rapid growth during this period. 
• Ms Ranya Alkadamani will step down as Non-Executive Director effective 31 December 2024. Ms Alkadamani has provided substantial direction and guidance since joining the Board in Vulcan in 2020, particularly relating to the communication of the Company’s ZERO CARBON LITHIUM Project to ESG-focused investors, and as Chair of the People and Performance and Nomination Committee. 
• Ms Annie Liu will step down as Non-Executive Director effective 13 September 2024. Ms Liu has assisted Vulcan’s executive team with significant strategic and commercial advice to Vulcan during her tenure since 2021, including during the negotiation of Vulcan’s lithium offtake agreements.
• Committee memberships will be determined by 31 December 2024.