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Archer Materials strengthens board with corporate finance expertise

The company believes the appointment of Ken Williams will add value to its operations that include developing technology in quantum computing, biotechnology and lithium-ion batteries.

Archer Materials Ltd - Archer Materials strengthens board with corporate finance expertise
The company has access to over $300 million in technology development infrastructure

Archer Materials Ltd (ASX:AXE) has bolstered its board with corporate finance expertise through the appointment of Ken Williams as an independent non-executive director.

Williams is independent chairman of Statewide Super, a South Australian-based industry super fund with more than $10 billion in funds under management.

He has more 30 years’ experience in corporate finance and has held senior executive, director and chair positions with leading ASX-listed companies.

“Significant value”

Archer executive chairman Greg English said: “We are very fortunate to have been able to attract someone as experienced and well respected as Ken and welcome him to the board of Archer.

“Ken’s depth of international experience in corporate finance will be of significant value as we continue our focus on Archer’s growth.”

Extensive experience

Williams’ extensive experience in corporate finance includes mergers, acquisitions, divestments and corporate reconstructions.

He has also served as chairman of AWE Ltd, chair of Havilah Resources Ltd (ASX:HAV) and director of Queensland Cotton Limited and has held senior finance executive roles with Newmont Corporation, Normandy Mining and Qantas.

Williams is a member of Statewide Super’s Investment Committee and Remuneration & Nomination Committee and will serve as a member of the Archer board’s Audit and Risk Management Committee.

Quick facts: Archer Materials Ltd

Price: 0.5 AUD

ASX:AXE
Market: ASX
Market Cap: $112.42 m
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