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Lithium Australia CEO Simon Linge Elevated to Managing Director

21 August 2023 10:41
ASX: LIT
Feature

Lithium Australia‘s (ASX:LIT) Simon Linge has assumed a new responsibility as a member of the Company’s Board, while continuing to serve in his capacity as the Chief Executive Officer (CEO).

‘A Highly Credentialed Executive’

Having steered the helm as CEO since January 2023, Mr. Linge brings with him a distinguished career spanning over 25 years, marked by his expertise in global manufacturing, recycling, and engineering services.

Under his guidance, Lithium Australia has swiftly embraced strategic imperatives, propelling advancements such as an augmented recycling output and the cultivation of joint development alliances to propel the Company’s patented technologies. Notably, this momentum culminated in a groundbreaking joint development accord with Mineral Resources Ltd (ASX:MIN).

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Figure 1: CEO Simon Linge has been appointed Managing Director at Lithium Australia.

Prior to his tenure at Lithium Australia, Mr. Linge held a series of prestigious leadership roles, notably an executive position at Pact Group – a vanguard of circular economy principles, advocating for waste minimisation through innovative packaging and recycling solutions.

Additionally, his esteemed stint as the Managing Director & CEO of Bradken Limited, a prominent global manufacturer of alloyed steel components in the mining sector, speaks volumes of his versatile acumen.

Mr. Linge’s influential contributions were manifest across multiple continents, through senior executive roles with BlueScope across Australia, Asia, New Zealand, and the USA.

Milestone Joint Venture

Earlier this year, the Company announced its partnership with Australian mining giant MinRes, to develop a pilot plant up to the total budgeted cost of $4.5 million using LIT’s patented LieNA® lithium extraction technology.

Playing a crucial role as CEO, Mr. Linge was instrumental in securing this landmark agreement and guiding Lithium Australia’s transformation from a mining explorer to a thriving battery technology business.

Throughout the year, the Company strategically divested exploration projects like Lepidolite Hill and GreenBushes, channeling its focused towards the commercialisation of its Envirostream and VSPC subsidiaries, a goal successfully accomplished in August 2022.

Under Mr. Linge’s leadership, Lithium Australia also moved to prioritise its recycling volumes, with this shift in focus already yielding dividends through the Company’s battery-recycling subsidiary Envirostream which secured a substantial agreement with LG Energy Solutions, a leading South Korean technology giant.

Looking Ahead

Lithium Australia’s Chairman George Bauk expressed enthusiasm regarding the appointment, commenting, “The Board of Lithium Australia is pleased to welcome Mr. Linge as a Board member and is confident in his ability to execute the Company’s long term strategic objectives.”

“Mr. Linge has an impressive track record and a wealth of experiences spanning the manufacturing industry and circular economy, perfectly positioning him to push the Company forward in commercialising our key patented technologies,” he said.

CEO and newly appointed Managing Director Simon Linge said he was excited and honoured to be promoted to the position.

“In my brief tenure as CEO, the Company has already made significant achievements, including the recently announced joint development partnership with Mineral Resources. I am excited to continue contributing to the Company’s next phase of development and building long term value for shareholders,” he said.

LIT’s Australian Stock Exchange-listed share price is currently trading at 3.8 cent (10:40am UTC+ 8 hours).

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