Lithium Power International Limited (ASX:LPI) (“LPI” or “the Company”) announces today that its Managing Director and CEO, Mr Martin Holland, is departing the business. Mr Holland has resigned his directorship of LPI effective today and will remain in the role of CEO until 30 June 2018.
The Board of Directors has commenced a search for suitable CEO candidates and expects to announce a replacement in due course.
There will be no impact on the day-to-day operations and development of the Company’s flagship Maricunga Project in Chile, which continues to be managed by Santiago-based Mr Cristobal Garcia- Huidobro, the CEO of the joint venture company, Minera Salar Blanco SA. The Maricunga Project remains on track to deliver a Definitive Feasibility Study by the end of 2018.
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