NOVONIX CFO Nick Liveris to Transition to Non-Executive Director
NOVONIX (NASDAQ: NVX, ASX: NVX) announced that CFO Nick Liveris will transition to a non-executive role on the Board of Directors. The search for a new CFO has commenced, and the appointee will work with Mr. Liveris to ensure a smooth transition. Mr. Liveris will retire from his current position to focus on the Liveris Family Office but will continue supporting NOVONIX. His move to a non-executive role allows NOVONIX to retain his expertise. CEO Dr. Chris Burns acknowledged Mr. Liveris' contributions in strengthening the company's position in the battery materials market.
- Nick Liveris' transition to a non-executive role ensures continued access to his expertise.
- NOVONIX is actively recruiting a new CFO, aiming for a seamless transition.
- Mr. Liveris has significantly contributed to NOVONIX's strategy and position in the battery materials market.
- The company will benefit from Mr. Liveris' ongoing support through the Liveris Family Office.
- The departure of Nick Liveris from the CFO role may create temporary uncertainty.
- Transition periods can present challenges and potential disruptions in company operations.
BRISBANE, Australia, May 22, 2024 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or “the Company”), a leading battery materials and technology company, today announced that Chief Financial Officer ("CFO"), Nick Liveris, will retire from his executive role and transition to a non-executive role on NOVONIX’s Board of Directors, effective on the appointment of a new CFO. The Company has begun the process of recruiting a new CFO who will work closely with Mr. Liveris to ensure a successful transition of the role.
Mr. Liveris has decided to retire from the executive role at NOVONIX to work full time with the Liveris Family Office, through which he will continue to support NOVONIX. The Company recognizes the significant contributions made by Mr. Liveris over the past seven years of service to the business to build the strong position of the Company today as a North American leader in the battery materials and its supporting technology. Mr. Liveris becoming a Non-Executive Director will allow NOVONIX to retain his experience and knowledge of the Company to support its continued growth.
Dr. Chris Burns, CEO of NOVONIX, said, “On behalf of the entire NOVONIX team, I want to thank Nick for his years of service for the company. Nick played a key role in implementing our differentiated strategy towards localizing the battery material supply chain. We’re excited to continue working with Nick in his new capacity as a Director.”
This announcement has been authorized for release by NOVONIX Chairman, Admiral Robert J. Natter, USN Ret.
About NOVONIX
NOVONIX is a leading battery technology company revolutionizing the global lithium-ion battery industry with innovative, sustainable technologies, high-performance materials, and more efficient production methods. The Company manufactures industry-leading battery cell testing equipment, is growing its high-performance synthetic graphite anode material manufacturing operations, and has developed an all-dry, zero-waste cathode synthesis process. Through advanced R&D capabilities, proprietary technology, and strategic partnerships, NOVONIX has gained a prominent position in the electric vehicle and energy storage systems battery industry and is powering a cleaner energy future.
To learn more, visit us at www.novonixgroup.com or on LinkedIn and X.
For NOVONIX Limited
Scott Espenshade, ir@novonixgroup.com (investors)
Valerie Malone, media@novonixgroup.com (media)
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