Andrew N. Liveris To Join Board
Brisbane, May 16, 2018 AEST (ABN Newswire) - ASX-listed NOVONIX Limited (
ASX:NVX) ("NOVONIX" or the "Company") is pleased to formally announce the effective date for the appointment of Andrew N. Liveris AO to its Board of Directors as 1 July 2018.
HIGHLIGHTS
- As announced on 3 October 2017, Andrew N. Liveris AO, Chairman and Chief Executive Officer of The Dow Chemical Company and a director of DowDuPont, will join the Board of Directors of NOVONIX.
- The effective date for Mr Liveris' appointment has now been agreed as 1 July 2018, which follows the transition from his roles with Dow and DowDuPont and aligns with his appointment to the Board of Saudi Aramco (formally known as Saudi Arabian Oil Co.).
- Mr Liveris will be instrumental in supporting NOVONIX's international business development and alliance efforts and relationships in the US$20 billion high-value battery materials sector.
As previously announced, the appointment of Mr Liveris is a further step in the implementation of the Company's downstream integration strategy.
The appointment will follow Liveris' transition from his roles with Dow and DowDuPont, and will coincide with his appointment to the Board of Saudi Aramco (formally known as Saudi Arabian Oil Co.).
Mr Liveris is currently the Chairman of and Chief Executive Officer of The Dow Chemical Company and a director of DowDuPont, a nearly US$80 billion holding company comprised of The Dow Chemical Company and DuPont.
Until recently, Mr Liveris also served as Executive Chairman of DowDuPont. DowDupont is traded on the NYSE under the stock ticker symbol "DWDP", with a current market capitalisation of US$155 billion.
Mr Liveris has been a member of Dow's Board of Directors since February 2004, CEO since November 2004 and was elected as Dow's Chairman of the Board effective 1 April 2006. He was appointed Executive Chairman of DowDuPont in May 2016, and assumed that role until recently, following the close of the merger transaction between Dow and DuPont on August 31, 2017.
Mr Liveris sits on the Board of Directors of IBM, is Vice Chair of the Business Roundtable, an Executive Committee Member and Past Chairman of the U.S. Business Council, and a member of the Concordia Leadership Council and the Australian government's Industry Growth Centres Advisory Committee. Liveris serves on the Board of Trustees of The King Abdullah University of Science and Technology, California Institute of Technology and the United States Council for International Business.
On 29 April this year, Saudi Aramco announced that Mr Liveris will join its Board of Directors, effective as of July 1, 2018.
Born in Darwin, Australia, Mr Liveris attended the University of Queensland in Brisbane, graduating with a bachelor's degree (first-class honors) in Chemical Engineering. Earlier this year, he and his wife Paula donated $13.5 million to help establish the Liveris Academy in the University's Faculty of Engineering, Architecture and Information Technology.
He is a Chartered Engineer and a Fellow of The Institute of Chemical Engineers as well as a Fellow of the Australian Academy of Technological Sciences and Engineering.
His appointment to the Board of NOVONIX follows the commissioning of the PUREgraphite pilot plant in Tennessee, USA and expansion of the NOVNONIX Battery Testing Services factory and R&D facility in Nova Scotia, Canada.
Mr Liveris will serve as a Non-Executive Director of NOVONIX and will particularly assist with international business development, market entry and strategic opportunities.
NOVONIX Chairman, Mr Tony Bellas, said that the Board of Directors was very pleased to formalise the effective date of 1 July for Mr Liveris' appointment.
"The Board and senior executive team are looking forward to working closely with Andrew as we scale-up our from pilot-scale production, deepen our customer relationships, and undertake strategic international projects."
Details of Mr Liveris' Board remuneration package were announced on 3 October 2017 when NOVONIX announced his intention to join the Board.
About NOVONIX Limited
NOVONIX Limited (ASX:NVX) (FRA:GC3) (OTCMKTS:NVNXF) is an integrated developer and supplier of high-performance materials, equipment and services for the global lithium-ion battery industry with operations in the USA and Canada and sales in more than 14 countries. NOVONIX's mission is to support the global deployment of lithium-ion battery technologies for a cleaner energy future.
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