Retirement of Executive Director Planned Additional...

Retirement of Executive Director
Planned Additional Non-Executive Directors

Perth, Australia and Greer, South Carolina: Alexium International Group Limited (“Alexium,” “the Company”) (ASX:AJX, NASDAQ Designation: AXXIY) announces the retirement of Nick Clark from the role of Executive Director Strategy and from the Board of Directors with effect from 1st August 2017. Nick is retiring to focus on the needs of his young family in the US following the unexpected loss of his wife, Georgia, last year. Nick will also be stepping down from all public and community roles.

Nick joined Alexium in October 2011 in Perth as CFO and moved with his family to South Carolina in April 2013 to take on the CEO role. In February 2017, Alexium announced planned succession changes whereby Dr. Dirk Van Hyning would become CEO on June 30 and Nick Clark would move to the role of Executive Director Strategy based in Alexium’s Washington DC office to focus on matters concerning US Federal Government, US Department of Defense and US Federal Consumer Protection. Following Nick’s retirement in August, The Nardelli Group will assist our CEO, Dr. Dirk Van Hyning, to maintain and build on Alexium’s established relationships in Washington DC through our Washington office.

Gavin Rezos, Non-Executive Chairman said “Nick has worked tirelessly for the benefit of shareholders in his time with Alexium, always putting Alexium first. In the 4 years that Nick has been CEO, Alexium has grown from an early stage specialty chemicals R&D company to a sales focused company based in a state of the art facility in Greer, SC, with over 48 sales agents globally, significant US and international toll manufacturing capacity, products in fire retardants and cooling materials, record quarter on quarter product shipments and revenue growth, and moving to cash neutrality on a run rate basis. On behalf of the Board, Dr. Dirk Van Hyning and our 40 employees, we acknowledge both Nick’s achievements and personal sacrifices in driving Alexium’s business and providing the solid foundation for Alexium’s bright future.”

Mr Clark has stated that he will maintain his stake in Alexium as a long-term core holding.

Alexium also announces the planned addition of another Non-Executive Director based in Australia to complement the Board skills and diversity of our current Board. A search is currently being conducted.

Alexium has a planned Level 2 ADR NASDAQ Listing underway including US accounting and audit processes and SEC reviews. The final timing of the move from NASDAQ Designate to trading on NASDAQ as a Level 2 ADR will be determined by Alexium based on our US Broker’s advice on market conditions for an optimum result.

Alexium intends to add another US based Non-Executive Director post the NASDAQ listing. The Nominations Committee of the Board will be seeking potential US candidates based on the then Board skills matrix review to determine additional skills or experience in the US that will benefit the company and complement the Board’s skills following the additional Australian based Director appointment.