- Core Lithium (CXO) Managing Director Stephen Biggins resigns due to personal reasons
- The foundation MD will step down before the end of this year, following 12 years with the company during which he led the discovery and development of the Finniss lithium project in the Northern Territory
- Mr Biggins says he is proud of his contribution to the company, but believes it is time to “pass the torch” to the right person to lead Core in its next stage
- A search is underway for a new Chief Executive Officer
- Company shares were down 1.2 per cent at $1.23
Core Lithium (CXO) Managing Director Stephen Biggins has resigned due to personal reasons.
The foundation MD will step down before the end of this year, following 12 years with the company.
While Mr Biggins said he is proud of his contribution to the discovery and development of the Finniss lithium project in the Northern Territory, he said the company is in a perfect position to reach its next stage of growth as a lithium producer.
“I feel it is the right time to step down as Managing Director and pass the torch on to the right person to lead Core in this next stage,” he said.
“Our transformation from explorer to producer is progressing to plan, the financial performance is strong, and at the Finniss lithium project, we have built a platform for sustainable growth for many years to come.”
Core Chairman Greg English paid tribute to Mr Biggins on behalf of the board, and thanked him for his commitment to the company since its inception.
“With the development of the Finniss lithium project, he has led the biggest transformation in the company’s history and has set Core up for strong earnings growth.”
Mr English said the outgoing MD has left a significant long-lasting legacy and wished him well in his other ventures.
A search is now underway for a new Chief Executive Officer.
Core shares were down 1.2 per cent to $1.23 at 10.10am AEDT.