Australian Vanadium Ltd (ASX:AVL) has renewed its board structure with the appointment of a highly-regarded and experienced industry professional Cliff Lawrenson as non-executive director and non-executive chairman-elect.
The appointment adds depth of relevant experience and brings expertise in corporate strategy and execution of corporate transactions.
He is also non-executive chairman of privately owned Pacific Energy Ltd and Onsite Rental Group and was previously at Atlas Iron where he led the company to its acquisition by Hancock Prospecting.
Chairman to retire
The new appointment comes as current non-executive chairman Brenton Lewis announced that he plans to retire at the company's November annual general meeting.
Lewis said: “After 10 years as a director of AVL it is timely for me to retire.
“I am very pleased with the progress that the company and its experienced team has made with the Australian Vanadium Project.
“I have enjoyed my time at AVL and appreciate the support I’ve had as chairman from my colleagues and the shareholders.
“I am confident that the team is of such quality that they will continue to maintain the necessary drive and focus to bring the project into production.”
"Tower of strength"
AVL executive director Leslie Ingraham said: “Reflecting back on Mr Lewis’ tenure with the company, I realise and appreciate how much of AVL’s identity has been derived from his efforts.
"Over the 10 years that Brenton has been part of this company, he has not only been a tower of strength but also a financial supporter, ensuring the company’s survival through the tough years. Furthermore, he has represented the company with the utmost intelligence and integrity.
"Although Brenton will be missed by all, we thank him for his long service and wish him the very best for his future endeavours.”
“New level of corporate expertise”
Managing director Vincent Algar said: “One of AVL’s core strengths is its team of experienced and specialised professionals.
“On behalf of the board, I would like to thank Brenton for the work he has done to steer the company to its present stage.
“Cliff brings a new level of corporate expertise to AVL and the breadth of his contacts, reputation and experience will assist the company in working through the final stages of bringing the Australian Vanadium Project into production.
“We are looking forward to his leadership and warmly welcome him to the board and the company.”
Prior to Atlas Iron, Lawrenson was managing director of a number of ASX listed companies in the mining and mining services sectors.
Lawrenson was a senior executive of CMS Energy Corporation in the USA and Singapore, which was preceded by an investment banking career.
New director Cliff Lawrenson.
Lawrenson said: “I am pleased to be joining the AVL board and team at this time.
“Vanadium is a particularly appealing strategic commodity, with several increasingly relevant applications.
“AVL has an excellent mineral resource and a team with the necessary technical rigour to move forward.
“The Australian Vanadium Project is at an exciting time in its journey to production and I am looking forward to supporting the hardworking staff in developing the project and the Australian vanadium market.”