Vulcan Energy (ASX:VUL) shuffles leadership team as next move in Zero Carbon Lithium execution

• Vulcan Energy Resources (VUL) shuffles its leadership team as it moves towards the execution phase of its Zero Carbon Lithium project in Germany
• The company has promoted its Deputy CEO, Cris Moreno, to the role of Managing Director and CEO
• Current MD and CEO Dr Wedin, who founded the Zero Carbon Lithium project, will transition to the role of Executive Chairman
• Additionally, Gavin Rezos, Non-Executive Chair since 2019, will continue to serve on the Board as Non-Executive Deputy Chair
• VUL is up 2.43 per cent and trading at $4.22 at 10:39 am AEST

Vulcan Energy Resources (VUL) has shuffled its leadership team as it steps closer to the execution phase of its Zero Carbon Lithium project in Germany.

The company has promoted its Deputy CEO, Cris Moreno, to the role of Managing Director and CEO.

Mr Moreno has more than 20 years of global experience delivering major capital projects in the energy and chemicals sector.

“Since joining us as Deputy CEO in 2022, Cris Moreno has been instrumental in transforming Vulcan from a development-focused team into an integrated development, execution and production company, and has built up a highly capable project directorate,” Managing Director and CEO Dr Francis Wedin said.

“Importantly, he also has unique experience in the lithium chemicals and battery cathode industries in Europe.”

The appointment comes with a $600,000 annual salary plus superannuation, and long-term incentives worth up to 110 per cent of the total fixed remuneration in performance rights.

Mr Moreno said it’s a “privilege” to be leading the Vulcan team into its next chapter to empower a zero-carbon future.

“Our mission is clear: we are working hard to become Europe’s leading Zero Carbon Lithium business and enabling energy security through geothermal renewable energy,” he said.  

Meanwhile, Dr Wedin, who founded the Zero Carbon Lithium project, will continue in an executive capacity by moving to the role of Executive Chairman. There will be no material changes to his contract.

“I am moving to Executive Chair with the same, unchanged daily focus, to continue to drive the company forward and ensure we maintain our strategic direction and liaise with our stakeholders,” Dr Wedin explained.

Additionally, Gavin Rezos, Non-Executive Chair since 2019, will continue to serve on the Board as Non-Executive Deputy Chair.    

VUL was up 2.43 per cent and trading at $4.22 at 10:39 am AEST.