- Novonix (NVX) non-executive director Trevor St Baker retires from the board of the company, effective immediately
- Mr St Baker says he has “excessive company board representations” on behalf of the St Baker Energy Innovation Fund (SBEIF)
- He will now devote more time to the establishment of a second SBEIF
- Novonix Chairman Admiral Bob Natter says the company has a strong succession plan in place, though he did not specify any details
- NVX shares last traded at $3.74 on May 26
Novonix (NVX) non-executive director Trevor St Baker has retired from the board of the company, effective immediately.
Mr St Baker said he had “excessive company board representations” on behalf of the St Baker Energy Innovation Fund (SBEIF) relating to a number of the companies in which the fund has it invested. This includes Novonix.
According to Novonix, he will now work to establish a second SBEIF.
Mr St Baker said Novonix was an “important player” in the decarbonisation transformation of energy and transporte businesses around the world.
“I am also excited about the company’s continuing growth as a significant battery material and energy storage solution provider as these sectors grow to serve these transformations,” he said.
“My resignation should not reflect any diminution of interest by SBEIF or of the St Baker family in Novonix as a serious growth stock in our investment portfolios.”
Novonix Chairman Admiral Bob Natter said the company had a strong succession plan in place, though he did not specify any details.
Meanwhile, Chris Hay’s appointment as an Alternate Director for Mr St Baker since June 2021 ends with Mr St Baker’s retirement.
Novonix is a battery technology company with operations in both Canada and the US. It provides advanced, high-performance materials, equipment, and services for the global lithium-ion battery industry, with sales in 14 countries.
NVX shares last traded at $3.74 on May 26.