Kalium Lakes Ltd., Balcatta, Western Australia, reported on Aug. 20 that current Chairman Malcolm Randall will retire as a Director of the company at or before its next Annual General Meeting in November 2020. To allow for an orderly transition, Randall has advised that he will immediately step down from the role of Chairman.
The Board has appointed Stephen Dennis, a Non-Executive Director, as Chairman, saying that he is an experienced and well-regarded company director with a successful career in the Australian and international resources sector spanning more than 35 years. Dennis joined the Kalium board in April 2019 as the nominee of the company’s major shareholder, Greenstone Resources. He will cease to be Greenstone’s nominee to the board and will be replaced in that capacity by current Non-Executive Director Mark Sawyer, who is a Senior Partner of Greenstone.
“I look forward to working with the Kalium Lakes’ team, led by newly-appointed CEO Rudolph van Niekerk, to ensure the success of the Beyondie SOP Project as we move towards operational start-up next year,” said Dennis.
“On behalf of the board, I would also like to thank Mal as the founding chairman for his valuable contribution to Kalium Lakes. Mal has led the company as Chairman for the past five years and has guided its growth from a small private company to an ASX listed business with more than 5,000 shareholders.”
Dennis said the changes at board level follow an internal review of the board composition and structure within the company that has taken place over the past two months. In preparation for Randall’s retirement as a Director, the board has commenced a process to identify an additional independent Non-Executive Director to join the board.