SS
"Lynas Corporation Limited (“Lynas”) (ASX:LYC, OTC:LYSDY) is pleased to announce the appointment of Dr Ziggy Switkowski as a Non Executive Director of the Company, effective from 1 February 2011. With an Australian and international executive career spanning more than 25 years, Dr Switkowski has established a reputation as one of Australia’s most distinguished business leaders.
Dr Switkowski is Chairman of the Australian Nuclear Science and Technology Organization (ANSTO) and chancellor-elect of the Royal Melbourne Institute of Technology (RMIT University). He is also a non-executive director of Suncorp-Metway, Tabcorp Holdings and Oil Search, and Chairman of Opera Australia. He is a former chief executive of Telstra Corporation, Optus and a former Chairman of Kodak (Australia).
He has a PhD in nuclear physics from the University of Melbourne and is a Fellow of the Australian Academy of Technological Sciences and Engineering, and of the Australian Institute of Company Directors.
Commenting on the appointment of Dr Switkowski to the Lynas Board, Executive Chairman Nicholas Curtis said: “Lynas is at an exciting stage of our journey, with the first feed of concentrate into the Lynas Advanced Materials Plant (LAMP) in Malaysia scheduled for the third quarter of 2011. The skills and experience acquired by Dr Switkowski from leadership roles with major Australian and international companies, and his background in science and technology, will complement and enhance the capabilities of the Lynas Board.”
Dr Switkowski said: "Lynas is on its way to becoming a globally significant supplier of rare earths, which are specialty materials of importance to many new and future devices and technologies. I look forward to helping Lynas succeed.”
The Ann states "his background in science and technology will compliment and enhance the capabilities of the Lynas board."
This implies to me that he was plucked for his nuke experience to defunct any SMSL backlash coming their way. A distinguished man like Ziggy was more important for that reason than for him to sit on another board seat for the sake of it. LYC wasn't ...and still isn't... a nuke plant, but you tried telling SMSL that. Ziggy was the back up man.
Hopefully the golden handshake has helped ease his purchase flop.
Or maybe he's resigned because Nic's $950k handshake has left Ziggy with no pay...lol
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