Standard Lithium Announces Leadership Transition for Strategic Growth and Next Steps in Value Creation
Standard Lithium (TSXV:SLI) (NYSE American:SLI) (FRA:S5L) has announced a leadership transition effective September 1, 2024. Robert Mintak will retire as CEO but remain an advisor through August 2025. David Park, currently a strategic advisor, will assume the CEO position. Park, formerly President of Koch Strategic Platforms, brings extensive experience in corporate growth and value creation.
This transition aligns with Standard Lithium's growth strategy and follows the recent partnership with Equinor ASA. During Mintak's seven-year tenure, the company established key partnerships with LANXESS, Tetra Technologies, Koch Industries, and Equinor, positioning it as a leader in the lithium sector. The change comes as Standard Lithium moves towards commercial development of its low-cost, environmentally friendly domestic lithium projects.
Standard Lithium (TSXV:SLI) (NYSE American:SLI) (FRA:S5L) ha annunciato un cambio di leadership che entrerà in vigore il 1° settembre 2024. Robert Mintak si ritirerà dalla carica di CEO, ma rimarrà consulente fino ad agosto 2025. David Park, attualmente consulente strategico, assumerà il ruolo di CEO. Park, ex Presidente di Koch Strategic Platforms, porta con sé una vasta esperienza nella crescita aziendale e nella creazione di valore.
Questa transizione è in linea con la strategia di crescita di Standard Lithium e segue la recente partnership con Equinor ASA. Durante il mandato di sette anni di Mintak, l'azienda ha stabilito importanti partnership con LANXESS, Tetra Technologies, Koch Industries e Equinor, posizionandola come leader nel settore del litio. Il cambiamento avviene mentre Standard Lithium si orienta verso lo sviluppo commerciale dei suoi progetti domestici di litio a basso costo e a basso impatto ambientale.
Standard Lithium (TSXV:SLI) (NYSE American:SLI) (FRA:S5L) ha anunciado una transición de liderazgo que entrará en efecto el 1 de septiembre de 2024. Robert Mintak se retirará como CEO pero permanecerá como asesor hasta agosto de 2025. David Park, actualmente asesor estratégico, asumirá el puesto de CEO. Park, ex presidente de Koch Strategic Platforms, aporta una amplia experiencia en el crecimiento corporativo y la creación de valor.
Esta transición está alineada con la estrategia de crecimiento de Standard Lithium y sigue la reciente asociación con Equinor ASA. Durante el mandato de siete años de Mintak, la empresa estableció asociaciones clave con LANXESS, Tetra Technologies, Koch Industries y Equinor, posicionándola como líder en el sector del litio. El cambio se produce mientras Standard Lithium avanza hacia el desarrollo comercial de sus proyectos de litio nacionales, económicos y respetuosos con el medio ambiente.
스탠다드 리튬 (TSXV:SLI) (NYSE American:SLI) (FRA:S5L)은 2024년 9월 1일부터 리더십 전환을 발표했습니다. 로버트 민택은 CEO직에서 물러나지만 2025년 8월까지 자문 역할을 계속할 예정입니다. 현재 전략 고문인 데이비드 박이 CEO직을 맡게 됩니다. 박은 Koch Strategic Platforms의 전 사장으로, 기업 성장과 가치 창출에 대한 폭넓은 경험을 가지고 있습니다.
이번 전환은 스탠다드 리튬의 성장 전략과 일치하며, 최근 에퀴노르 ASA와의 파트너십을 따릅니다. 민택의 7년 간의 재임 기간 동안, 회사는 LANXESS, Tetra Technologies, Koch Industries 및 Equinor와의 주요 파트너십을 구축하여 리튬 분야의 선두주자로 자리 잡았습니다. 이번 변화는 스탠다드 리튬이 저비용, 환경 친화적인 국내 리튬 프로젝트의 상업적 개발을 향해 나아가는 과정에서 이루어집니다.
Standard Lithium (TSXV:SLI) (NYSE American:SLI) (FRA:S5L) a annoncé une transition de leadership qui prendra effet le 1er septembre 2024. Robert Mintak prendra sa retraite en tant que PDG mais restera conseiller jusqu'en août 2025. David Park, actuellement conseiller stratégique, assumera le poste de PDG. Park, ancien président de Koch Strategic Platforms, apporte une grande expérience en matière de croissance d'entreprise et de création de valeur.
Cette transition s'inscrit dans la stratégie de croissance de Standard Lithium et fait suite au récent partenariat avec Equinor ASA. Pendant les sept années de mandat de Mintak, l'entreprise a établi des partenariats clés avec LANXESS, Tetra Technologies, Koch Industries et Equinor, la positionnant comme un leader dans le secteur du lithium. Ce changement intervient alors que Standard Lithium s'oriente vers le développement commercial de ses projets nationaux de lithium à faible coût et respectueux de l'environnement.
Standard Lithium (TSXV:SLI) (NYSE American:SLI) (FRA:S5L) hat einen Führungswechsel angekündigt, der am 1. September 2024 in Kraft tritt. Robert Mintak wird als CEO zurücktreten, aber bis August 2025 als Berater bleiben. David Park, der derzeit strategischer Berater ist, wird die Rolle des CEO übernehmen. Park, ehemaliger Präsident von Koch Strategic Platforms, bringt umfangreiche Erfahrung in Sachen Unternehmenswachstum und Wertschöpfung mit.
Dieser Übergang steht im Einklang mit der Wachstumsstrategie von Standard Lithium und folgt der kürzlich eingegangenen Partnerschaft mit Equinor ASA. Während der siebenjährigen Amtszeit von Mintak hat das Unternehmen wichtige Partnerschaften mit LANXESS, Tetra Technologies, Koch Industries und Equinor aufgebaut, wodurch es sich als führendes Unternehmen im Lithium-Sektor etabliert hat. Die Veränderung erfolgt, während Standard Lithium auf das kommerzielle Wachstum seiner kostengünstigen, umweltfreundlichen nationalen Lithiumprojekte hinarbeitet.
- Appointment of David Park as CEO, bringing extensive experience in corporate growth and strategic partnerships
- Recent partnership with Equinor ASA, strengthening the company's position for accelerated progress
- Established key strategic partnerships with LANXESS, Tetra Technologies, Koch Industries, and Equinor during Mintak's tenure
- Company positioned for next phase of growth and commercial development of lithium projects
- Retirement of long-standing CEO Robert Mintak, potentially impacting continuity in leadership
Positioning Standard Lithium for Next Phase of Corporate Growth
VANCOUVER, British Columbia, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium development company, today announced a leadership transition that aligns with the Company's growth strategy and next steps in value creation.
Effective September 1, 2024, Robert Mintak will retire as Chief Executive Officer and remain engaged as an advisor through August 2025. David Park will assume the position of Chief Executive Officer effective September 1, 2024.
Over the past year, David Park has been actively engaged with Standard Lithium as a strategic advisor, working closely with the senior management team. His deep understanding of the Company's vision and strategic goals, coupled with his respected position within the organization, has made him a key contributor to the Company’s recent successes. Mr. Park has been involved extensively across corporate, project, and strategic developments, ensuring alignment and effective execution of initiatives, including helping to secure Equinor ASA (“Equinor”) as a strategic partner.
Prior to his advisory role, Mr. Park served as President of Koch Strategic Platforms (“KSP”), the division of Koch Industries which invested in Standard Lithium in 2021. Before that, Mr. Park served as Senior Vice President, Strategy and Business Development of Georgia-Pacific, LLC, a subsidiary of Koch Industries, and held other significant roles at Koch, including President of TrueNorth Energy and Koch Exploration, and CFO of Koch’s Canadian exploration and production, pipeline, and energy trading business.
Mr. Park began his career at Koch in its business development group, after serving as an International Business Development Specialist at Atomic Energy of Canada Ltd. Throughout his career, he has successfully completed more senior and complex roles, focussed on delivering outstanding corporate growth, underscoring his ability to drive success and generate significant value for Standard Lithium.
The appointment of Mr. Park as the next CEO is the culmination of a thorough succession planning process by the Company’s Board of Directors, which looked to bring in a candidate who could lead Standard Lithium in its next phase of growth and value creation for shareholders. This transition comes at a pivotal time, coinciding with the recent partnership with Equinor, which has significantly strengthened the Company’s position and set the stage for accelerated progress and innovation.
During his more than seven years as CEO, Robert Mintak has been instrumental in establishing Standard Lithium as a leader in the lithium sector. During his tenure, the Company developed key strategic partnerships and secured significant investments, including those with LANXESS, Tetra Technologies, Koch Industries and Equinor. These collaborations have advanced the Company’s projects and positioned Standard Lithium for success.
Robert Cross, Chairman of the Board said, "Robert was a co-founder of the Company and his leadership and commitment has been critical in our evolution from a startup to where we are today. In addition to the strategic relationships the Company garnered during his tenure, Robert was very focussed on fostering strong relationships with community and state leaders, generating substantial support for our projects in Arkansas and Texas. This collaborative approach has distinguished Standard Lithium within the resource sector. The Board is grateful for Robert’s accomplishments and unwavering commitment to building a foundation for our next phase of growth.”
Reflecting on his tenure, Robert Mintak commented, "It has been an incredible journey leading Standard Lithium and working with our talented team. I'm proud of what we've accomplished, particularly our strong partnerships and meaningful community engagement. As an active advisor, I will continue working with David, Andy and the team to advance our projects and maintain our efforts in generating shareholder value. I am confident that David is well-equipped to take the Company forward into its next chapter of growth and value creation."
Dr. Andy Robinson, President & COO, stated, "Robert and I started this Company together seven years ago with a shared vision for Standard Lithium. His focus on strong partnerships, deep industry relationships and community engagement has been a cornerstone of our success. We are entering the next phase of the Company’s growth plans as we move towards commercial development, and the entire team looks forward to accelerating this momentum with David's leadership and we are all excited for the future opportunities that lie ahead."
David Park added, “I’m excited to have the opportunity to help build on the solid foundations Robert and Andy have laid, and work in close partnership with Equinor, Koch, Andy and the rest of the Standard Lithium team to drive the strategic direction and execution of our low cost, environmentally friendly, domestic lithium projects in support of the growing American energy storage and electric vehicle industries.”
About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by the highest quality resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated Direct Lithium Extraction (“DLE”) and purification process. The Company’s flagship projects are located in the Smackover Formation, a world-class lithium brine asset, focussed in Arkansas and Texas. In partnership with global energy leader Equinor, Standard Lithium is advancing the South West Arkansas Project, a greenfield project located in southern Arkansas, and actively exploring promising lithium brine prospects in East Texas. Additionally, the Company is advancing the Phase 1A Project in partnership with LANXESS, a brownfield development project located in southern Arkansas. Standard Lithium operates the only commercial-scale, continuously operating DLE Demonstration facility in North America. Standard Lithium also holds an interest in certain mineral leases in the Mojave Desert in San Bernardino County, California.
Standard Lithium trades on both the TSX Venture Exchange (the “TSXV”) and the NYSE American under the symbol “SLI”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at www.standardlithium.com.
Investor and Media Inquiries
Chris Lang
Director of Finance
+1 604 409 8154
c.lang@standardlithium.com
Twitter: @standardlithium
LinkedIn: https://www.linkedin.com/company/standard-lithium/
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to intended development timeline, accuracy of mineral or resource exploration activity, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
FAQ
When will the leadership transition at Standard Lithium (SLI) take effect?
Who is replacing Robert Mintak as CEO of Standard Lithium (SLI)?
What is Robert Mintak's role after stepping down as CEO of Standard Lithium (SLI)?
What significant partnership did Standard Lithium (SLI) recently secure?
