BRISBANE, Australia, Jan. 20, 2025 (GLOBE NEWSWIRE) — NOVONIX Limited (NASDAQ: NVX , ASX: NVX ) (NOVONIX or the Company), a leading battery materials and technology company, today announced the planned transition of the CEO Role of Director ( CEO), with dr. Chris Burns, who is stepping down as CEO, will take effect on January 24, 2025. Dr. Burns will continue to provide support to the Company in an advisory capacity, serving as a special advisor to the Board of Directors (Board), to ensure continuity, support the ongoing operations of the Company and ensure a smooth transition.
dr. Burns has led NOVONIX since September 2020 and has positioned the company for its next phase of growth as it ramps up operations at its manufacturing facilities in Chattanooga, Tennessee. With significant achievements during 2024, NOVONIX plans to begin production at its Riverside facility this year. With the departure of dr. Burns, the Board has begun a search for a new CEO who will be based in the company’s headquarters in Chattanooga and will have manufacturing, operations and scale-up experience to lead the company through the planned growth of NOVONIX. production of synthetic graphite in the coming years.
dr. Chris Burns, CEO of NOVONIX said, I am incredibly proud of everything that NOVONIX has accomplished during my time as CEO. We have developed innovative technology, new products and gained significant support from the US Government, investors and customers as we have established ourselves as a leader in the battery materials sector in North America. As we move towards commercial scale production at Riverside this year, it is an excellent opportunity for the Board of Directors to appoint a new CEO with the right skill set to lead the company in the next phase of its journey. I look forward to working with management and administration through this process to support the continued success of NOVONIX.
The board of directors appointed Mr. Robert Long, Chief Financial Officer of NOVONIX, to serve as Interim Chief Executive Officer, effective January 24, 2025, until a permanent CEO is appointed. Mr. Long will work closely with the Board to ensure a smooth transition and maintain our momentum and focus on our key strategic objectives.
Admiral Robert J Natter, Chairman, said that the Board of Directors would like to thank Dr. Burns for his exceptional leadership and commitment in a dynamic market environment. The Board has great confidence in Mr. Long’s ability to continue this strong leadership during the transition period.
This publication is authorized by Admiral Robert J Natter, USN Ret., President.
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 manufacturing methods. The company manufactures leading battery cell test equipment, is developing its high-performance synthetic graphite material manufacturing operations, and has developed a patented, completely dry, waste-free cathode synthesis process. Through advanced R&D capabilities, proprietary technology and strategic partnerships, NOVONIX has established a prominent position in the electric vehicle battery and energy storage systems industry and is powering the future of cleaner energy.
To learn more, visit us at www.novonixgroup.com or on LinkedIn and X.
For NOVONIX Limited
Scott Espenshade, ir@novonixgroup.com (investors)
Stephanie Reid, media@novonixgroup.com (media)
Caution regarding forward-looking statements
This communication contains forward-looking statements about the company and the industry in which we operate. Forward-looking statements generally can be identified by the use of words such as anticipate, believe, consider, continue, could, estimate, expect, intend, may, plan, potential, predict, project, should, target, will or would , or other similar expressions. Examples of forward-looking statements in this communication include statements we make regarding our plans to begin commercial production at our Riverside facility and increase our production of synthetic graphite in the coming years.
We base such statements on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Such forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements to the future. . Such factors include, among others, the timely implementation and scaling of our furnace technology, our ability to meet the technical specifications and demand of our existing and prospective customers, the accuracy of our estimates regarding market size, costs, future revenues, capital requirements, needs and access to additional funding, availability and performance and our compliance with applicable government financial support terms, our ability to obtain patent rights effective to protect our technologies and processes and successfully defend any challenges to such rights and prevent others from commercializing such technologies and processes and regulatory developments in the United States, Australia and other jurisdictions. These and other factors that could affect our business and results are included in our filings with the U.S. Securities and Exchange Commission (SEC), including the Company’s most recent Annual Report on Form 20-F. Copies of these filings may be obtained by visiting our Investor Relations website at www.novonixgroup.com or the SEC’s website at www.sec.gov.
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Source: Novonix Ltd.
