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Li-Metal Announces Resignation of CEO

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Li-Metal Corp. (CSE: LIM, OTCQB: LIMFF, FSE: 5ZO) announced the immediate resignation of its CEO, Srini Godavarthy. Mr. Godavarthy has also stepped down from the company's Board of Directors. Keshav Kochhar, currently the Chief Operating Officer, will serve as the interim CEO. The company has not yet announced plans for a permanent replacement. Investors and stakeholders are advised to stay tuned for further updates.

Positive
  • Appointment of COO Keshav Kochhar as interim CEO ensures continuity in leadership.
Negative
  • Sudden resignation of CEO Srini Godavarthy could create uncertainty among investors.
  • Lack of immediate plans for a permanent CEO may affect strategic long-term planning.

Toronto, Ontario--(Newsfile Corp. - July 8, 2024) - Li-Metal Corp. (CSE: LIM) (OTCQB: LIMFF) (FSE: 5ZO) ("Li-Metal" or the "Company") announces that Srini Godavarthy has notified the Company that he has resigned as Chief Executive Officer with immediate effect. Mr. Godavarthy has also resigned from the Company's Board of Directors.

Keshav Kochhar, the Company's COO, will act as CEO on an interim basis.

On behalf of the Board

Tim Johnston
Li-Metal Corp.

Telephone: 647-494-4887
Email: t.johnston@li-metal.com

About Li-Metal Corp.

Li-Metal is a Canadian-based company developing lithium metal anodes and lithium metal production technologies for use in next-generation batteries. We believe our production methods are significantly more sustainable than existing products and offer lighter, more energy-dense and safer batteries that are critical to tomorrow's electric vehicles. For more information, visit: www.li-metal.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/215711

FAQ

What happened to LIMFF's CEO?

Srini Godavarthy, CEO of Li-Metal Corp. (LIMFF), resigned with immediate effect.

Who is the interim CEO of LIMFF?

Keshav Kochhar, the current COO, has been appointed as the interim CEO of Li-Metal Corp.

Why did Srini Godavarthy resign from LIMFF?

The press release did not specify the reason for Srini Godavarthy's resignation.

How might the resignation of LIMFF's CEO affect the company?

The sudden resignation could create uncertainty among investors and impact long-term strategic planning.

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