George Bauk has tendered his resignation as non-executive chair of battery materials and technology company Livium Ltd (ASX:LIT, OTC:LMMFF) effective January 3, 2025, to pursue a new executive role.
Non-executive director Phil Thick will assume the role of acting chair in the interim as the board considers the required future skills and composition.
Outstanding contribution
Livium interim non-executive chair Phil Thick said: "Since his appointment in 2015, George has made an outstanding contribution to the company and the board conveys its upmost appreciation for his commitment and impact on the business.
"George has chaired the business through a successful transition from a mining explorer to a battery materials and technology business.
“The board wishes to convey its sincere gratitude to George for his contributions throughout his tenure and extends its very best wishes for his future endeavours.”
A condition of Bauk accepting the new executive role requires that he resign from all existing board positions held with public listed companies, including Livium.
Livium well positioned
"It has been an honour to serve as chairman of Livium for the past nine-and-a-half years," said former non-executive chair George Bauk.
"During this time, I have been proud to witness the company’s development under the leadership of managing director Simon Linge.
"I am confident that Livium is well-positioned to advance its technologies to the next stage of growth.
“Due to the acceptance of a new executive role, I am required to step down from all board positions, including Livium.
"I want to express my gratitude to the board, the tea, and all stakeholders for their unwavering support throughout this journey and during this transition.
"I look forward to watching Livium’s continued success and wish the company and its people all the best for the future."