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- Volt Resources (VRC) appoints Prashant Chintawar as its new CEO, effective on January 1, 2023
- Mr Chintawar will replace current Managing Director Trevor Matthews who will transition to the role of Executive Director – Finance and Commercial
- The company says Mr Chintawar has displayed a “very high level” of proficiency in his key objectives since joining Volt in September
- Further, Volt says his promotion marks a key milestone in its strategy to becoming a benchmark-setting company in the industry
- Shares in Volt hold steady at 1.7 cents at midday AEDT
Volt Resources (VRC) has appointed Prashant Chintawar as its new CEO, effective January 1, 2023.
As a result, current Managing Director Trevor Matthews, who the company described as the “driving force” over the last six years, will transition to the role of Executive Director – Finance and Commercial on the effective date.
Concurrently, Chief Operating Officer Justine MacDonald will take on a greater role
in the operation to help advance the company’s graphite assets.
Mr Chintawar joined the company on September 1, serving as Senior Adviser of Battery Minerals.
Prior to his time at Volt, he was Vice-President at Vantage Speciality Chemicals and Director of Marketing and Product Management at Honeywell.
The company said he has displayed a “very high level” of proficiency in his key objectives since joining Volt, which include developing the company’s rapidly scaling downstream business.
Further, his promotion reportedly marks a key milestone in Volt’s strategy to position itself to becoming a benchmark-setting company in this industry.
“Since joining Volt, Prashant’s high-level industry experience, and deep industry networks, have shone through in the work he has done and the projects he has underway,” Non-Executive Chairman Asimwe Kabunga said.
“We are thrilled that he has now accepted the role of CEO for Volt and believe that having such highly qualified company leadership located at the geographic heart of the market opportunity is a huge future value-driver for the company.”
In his own words, Mr Chintawar said the appointment will allow him to fully leverage his skills and networks.
“It also comes at a time when the battery sector is enjoying robust market dynamics, with automotive OEMs pushing ever harder for more localised supply chains, and governments providing policy and financial support.
“Volt’s assets and this market back drop combine to offer Volt a truly unique and transformational growth opportunity, that I am privileged to take leadership of.”
His remuneration package includes a salary of US$321,000 (A$477,000) for a term of 42 months.
Shares in Volt held steady at 1.7 cents midday AEDT.
