LTR (ASX) Ann: Liontown announces Board transition

Originally posted by Philhot: ↑

We are getting prepared for 2024 the Year of Liontown.

30 November 2023
Liontown announces Board transition
Liontown Resources Limited (ASX:LTR) ("Liontown" or the "Company") is pleased to announce the
appointment of Mr Ian Wells to its Board as an Independent Non-Executive Director, effective 1 January
2024. Mr Wells’ appointment follows the planned retirement of Mr Anthony Cipriano, who will step down
from the Board after nearly 10 years as a Non-Executive Director.
Mr Wells is a highly respected and experienced finance professional with more than 20 years’ operational
experience across all finance functions, and in a range of industries including bulk mining, port, rail and
energy infrastructure. Most recently, Mr Wells served as Chief Financial Officer of ASX Top 10 company
Fortescue Metals Group Limited for five years to January 2023. He is a senior executive and leader with
corporate finance, multi-billion-dollar funding, capital management and business transformation expertise.
Mr Wells holds a Bachelor of Business (Accounting) from Curtin University, is a fellow of CPA Australia and a
Graduate of the Australian Institute of Company Directors. Given his financial expertise, Mr Wells is expected
to replace Mr Cipriano as chair of the Company’s Audit Committee.
Mr Cipriano joined the Liontown Board as Non-Executive Director in July 2014 and has served the Company
as Lead Independent Non-Executive Director, as well as Chair of the Audit Committee and a member of the
Remuneration Committee. He has made a substantial contribution to the Company as it has developed from
explorer to a pre-production mining company. With the recent finalisation of the debt and equity funding
package to take the Kathleen Valley Lithium Project through to production and beyond, Mr Cipriano felt this
would be an appropriate time to announce his retirement, effective from 31 December 2023.
Liontown Chairman, Tim Goyder, said:
“We are delighted that Ian has agreed to join the Liontown Board at an exciting and very important time in
the development of the Kathleen Valley Lithium Project. He brings substantial development and operational
experience that will be invaluable to the Company as we complete construction of Kathleen Valley and move
into commissioning and production.
“Anthony has been a key contributor to the success of Liontown over the last 10 years as we have grown from
explorer to developer and soon-to-be lithium miner. Anthony’s financial and business acumen has assisted
the Board through the assessment of numerous opportunities. On behalf of the Board, senior management
and shareholders, I would like to sincerely thank Anthony for his exceptional contribution to Liontown’s
growth and development and wish him the very best for his next chapter.”
Commenting on his appointment, Mr Wells said:
“I am excited and grateful for the opportunity to join Liontown as a Director as the Company progresses
towards completion of construction of one of the most significant new lithium projects globally. I look forward
to drawing on my operational experience to provide strategic and financial advice and input related to the
delivery and operation of a major new resource project. It is a real privilege to join the team at this pivotal
time in the Company’s history.

Expand

Ian will be a great asset to this coy's Board - great track record and sound financial professional.

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(20min delay)
Last 55.0¢		Change 0.015(2.80%)		Mkt cap ! $1.334B

Open	High	Low	Value	Volume
54.0¢	56.5¢	54.0¢	$5.227M	9.505M

Ann: Liontown announces Board transition, page-5

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