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NOVONIX (NASDAQ: NVX) announced a leadership transition as CEO Dr. Chris Burns steps down effective January 24, 2025. Burns, who has led the company since September 2020, will continue as Special Advisor to the Board. The company has initiated a search for a new CEO to be based in Chattanooga, Tennessee, focusing on candidates with experience in manufacturing, operations, and scale-up.
Chief Financial Officer Robert Long will serve as interim CEO until a permanent replacement is found. The transition comes as NOVONIX prepares to begin production at its Riverside facility in 2025, marking a important phase in the company’s synthetic graphite production expansion plans. Under Burns’ leadership, NOVONIX has developed innovative technology, new products, and secured significant support from US Government, investors, and customers, establishing itself as a leader in North American battery materials.
NOVONIX (NASDAQ: NVX) ha annunciato una transizione nella leadership poiché il CEO Dr. Chris Burns si dimetterà a partire dal 24 gennaio 2025. Burns, che ha guidato l’azienda dal settembre 2020, continuerà come Consulente Speciale del Consiglio. L’azienda ha avviato la ricerca di un nuovo CEO che sarà basato a Chattanooga, Tennessee, con un focus su candidati con esperienza nella produzione, operazioni e scalabilità.
Il Direttore Finanziario Robert Long servirà come CEO ad interim fino a quando non verrà trovato un sostituto permanente. La transizione avviene mentre NOVONIX si prepara a iniziare la produzione presso il suo stabilimento di Riverside nel 2025, segnando una fase importante nei piani di espansione della produzione di grafite sintetica dell’azienda. Sotto la guida di Burns, NOVONIX ha sviluppato tecnologie innovative, nuovi prodotti e ha ottenuto un significativo supporto da parte del governo degli Stati Uniti, investitori e clienti, affermandosi come leader nei materiali per batterie del Nord America.
NOVONIX (NASDAQ: NVX) anunció una transición en la dirección, ya que el CEO Dr. Chris Burns renunciará a partir del 24 de enero de 2025. Burns, quien ha liderado la compañía desde septiembre de 2020, continuará como Asesor Especial del Consejo. La empresa ha iniciado la búsqueda de un nuevo CEO que estará basado en Chattanooga, Tennessee, enfocándose en candidatos con experiencia en manufactura, operaciones y escalamiento.
El Director Financiero Robert Long servirá como CEO interino hasta que se encuentre un reemplazo permanente. La transición se produce mientras NOVONIX se prepara para comenzar la producción en su instalación de Riverside en 2025, marcando una fase importante en los planes de expansión de producción de grafito sintético de la compañía. Bajo el liderazgo de Burns, NOVONIX ha desarrollado tecnología innovadora, nuevos productos y ha asegurado un apoyo significativo del gobierno de EE. UU., inversores y clientes, estableciéndose como líder en materiales para baterías en América del Norte.
NOVONIX (NASDAQ: NVX)는 CEO인 Dr. Chris Burns가 2025년 1월 24일부로 사임한다고 발표했습니다. Burns는 2020년 9월부터 회사를 이끌어 왔으며, 이사회에 특별 자문으로 계속 남을 것입니다. 회사는 테네시주 챈누가에 본사를 둘 새로운 CEO를 찾고 있으며, 제조, 운영 및 스케일업에 대한 경험이 있는 후보자들에 집중하고 있습니다.
재무 담당 이사인 로버트 롱이 영구적인 후임자가 찾아질 때까지 임시 CEO로 역할을 수행할 것입니다. 이 전환은 NOVONIX가 2025년에 리버사이드 시설에서 생산을 시작할 준비를 함에 따라 이루어지며, 이는 회사의 합성 흑연 생산 확장 계획에서 중요한 단계를 의미합니다. Burns의 지도 아래, NOVONIX는 혁신적인 기술과 새로운 제품을 개발하고 미국 정부, 투자자 및 고객으로부터 상당한 지원을 확보하여 북미 배터리 소재의 선두주자로 자리매김했습니다.
NOVONIX (NASDAQ: NVX) a annoncé une transition de leadership alors que le PDG Dr. Chris Burns démissionne à compter du 24 janvier 2025. Burns, qui dirige l’entreprise depuis septembre 2020, continuera en tant que Conseiller spécial auprès du conseil. L’entreprise a lancé la recherche d’un nouveau PDG qui sera basé à Chattanooga, Tennessee, en se concentrant sur des candidats ayant de l’expérience dans la fabrication, les opérations et l’industrialisation.
Le directeur financier Robert Long agira en tant que PDG par intérim jusqu’à ce qu’un remplaçant permanent soit trouvé. Cette transition intervient alors que NOVONIX se prépare à commencer la production dans son installation de Riverside en 2025, marquant une phase importante dans les plans d’expansion de production de graphite synthétique de l’entreprise. Sous la direction de Burns, NOVONIX a développé des technologies innovantes, de nouveaux produits et a obtenu un soutien significatif du gouvernement américain, des investisseurs et des clients, s’établissant comme un leader dans les matériaux de batteries en Amérique du Nord.
NOVONIX (NASDAQ: NVX) gab eine Übergabe in der Unternehmensführung bekannt, da CEO Dr. Chris Burns am 24. Januar 2025 zurücktritt. Burns, der das Unternehmen seit September 2020 leitet, wird weiterhin als Sonderberater des Vorstands tätig sein. Das Unternehmen hat die Suche nach einem neuen CEO eingeleitet, der in Chattanooga, Tennessee, ansässig sein wird und sich auf Kandidaten mit Erfahrung in der Fertigung, im Betrieb und in der Skalierung konzentriert.
Der Finanzvorstand Robert Long wird bis zur Ernennung eines festen Nachfolgers als Interims-CEO fungieren. Der Übergang erfolgt, während sich NOVONIX darauf vorbereitet, 2025 mit der Produktion in seiner Anlage in Riverside zu beginnen, was eine wichtige Phase in den Expansionsplänen für die Produktion von synthetischem Graphit des Unternehmens markiert. Unter der Leitung von Burns hat NOVONIX innovative Technologien, neue Produkte entwickelt und bedeutende Unterstützung von der US-Regierung, Investoren und Kunden gesichert und sich als führend in nordamerikanischen Batteriematerialien etabliert.
Positive
- Planned leadership transition maintains continuity with former CEO staying as Special Advisor
- Production at Riverside facility on track to begin in 2025
- Strong government, investor, and customer support established
Negative
- Potential operational disruption during CEO transition period
- Uncertainty around timeline for permanent CEO appointment
Insights
The CEO transition at NOVONIX comes at a pivotal moment as the company prepares to begin production at its Riverside facility. While management changes can create uncertainty, several key factors mitigate potential disruption: 1) The orderly transition with Dr. Burns remaining as Special Advisor ensures continuity of operations and institutional knowledge transfer. 2) The company’s decision to seek a CEO with manufacturing and scale-up experience aligns with its next growth phase focused on synthetic graphite production. 3) The appointment of CFO Robert Long as interim CEO maintains operational stability.
The strategic timing suggests this is a planned evolution rather than a reactive change. The battery materials sector is transitioning from technology development to mass production, requiring different leadership competencies. With a market cap of $252.7M, NOVONIX’s focus on operational execution and scale-up capability in its next CEO indicates a mature approach to this industry shift.
BRISBANE, Australia, Jan. 20, 2025 (GLOBE NEWSWIRE) — NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), a leading battery materials and technology company, today announced the planned transition in the Chief Executive Officer (“CEO”) role, with Dr. Chris Burns stepping down as Chief Executive Officer, effective 24 January 2025. Dr. Burns will continue to support the Company in an advisory capacity, serving as Special Advisor to the Board of Directors (the “Board”), in order to provide continuity, support ongoing operations of the Company and ensure a smooth transition.
Dr. Burns has led NOVONIX since September 2020 and has positioned the company for the next phase of growth as it scales up operations at its production facilities in Chattanooga, Tennessee. With significant accomplishments during 2024, NOVONIX plans to begin production from its Riverside facility this year. With Dr. Burns’ stepping down, the Board has commenced a search for a new CEO who will be based at the Company’s headquarters in Chattanooga and will have experience in manufacturing, operations and scale-up to lead the Company into the planned growth in NOVONIX’s synthetic graphite production over the coming years.
Dr. Chris Burns, NOVONIX CEO said, “I am incredibly proud of everything that NOVONIX has accomplished during my time as CEO. We have developed innovative technology, new products, and have gained significant support from the US Government, investors and customers as we have established ourselves as a leader in the battery materials sector in North America. As we move towards commercial scale production at Riverside this year, it is a great opportunity for the Board to appoint a new CEO with the right skill set to lead the Company on the next phase of its journey. I look forward to working with the Board and management through this process to support the continued success of NOVONIX.”
The Board of Directors has appointed Mr Robert Long, NOVONIX Chief Financial Officer, to serve as interim CEO, effective 24 January 2025, until a permanent CEO is appointed. Mr Long will work closely with the Board to ensure a smooth transition and maintain our momentum and focus on our key strategic goals.
Admiral Robert J Natter, Chairman, said “The Board of Directors would like to thank Dr. Burns for his exceptional leadership and dedication in what has been a dynamic market environment. The Board has great confidence in Mr Long’s ability to continue this strong leadership during the transition period.”
This announcement has been authorised for release by Admiral Robert J Natter, USN Ret., Chairman.
About NOVONIX
NOVONIX is a leading battery technology company revolutionizing the global lithium-ion battery industry with innovative, sustainable technologies, high-performance materials, and more efficient production methods. The Company manufactures industry-leading battery cell testing equipment, is growing its high-performance synthetic graphite material manufacturing operations, and has developed a patented all-dry, zero-waste cathode synthesis process. Through advanced R&D capabilities, proprietary technology, and strategic partnerships, NOVONIX has gained a prominent position in the electric vehicle and energy storage systems battery industry and is powering a cleaner energy future.
To learn more, visit us at www.novonixgroup.com or on LinkedIn and X.
For NOVONIX Limited
Scott Espenshade, ir@novonixgroup.com (investors)
Stephanie Reid, media@novonixgroup.com (media)
Cautionary Note Regarding Forward-Looking Statements
This communication contains forward-looking statements about the Company and the industry in which we operate. Forward-looking statements can generally be identified by use of words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or other similar expressions. Examples of forward-looking statements in this communication include statements we make regarding our plans to commence commercial scale production at our Riverside facility and grow our synthetic graphite production over the coming years.
We have based such statements on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Such forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the timely deployment and scaling of our furnace technology, our ability to meet the technical specifications and demand of our existing and future customers, the accuracy of our estimates regarding market size, expenses, future revenue, capital requirements, needs and access for additional financing, the availability and impact and our compliance with the applicable terms of government financing support, our ability to obtain patent rights effective to protect our technologies and processes and successfully defend any challenges to such rights and prevent others from commercializing such technologies and processes, and regulatory developments in the United States, Australia and other jurisdictions. These and other factors that could affect our business and results are included in our filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s most recent annual report on Form 20-F. Copies of these filings may be obtained by visiting our Investor Relations website at www.novonixgroup.com or the SEC’s website at www.sec.gov.
Forward-looking statements are not guarantees of future performance or outcomes, and actual performance and outcomes may differ materially from those made in or suggested by the forward-looking statements contained in this communication. Accordingly, you should not place undue reliance on forward-looking statements. Any forward-looking statement in this communication is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.
FAQ
When will Dr. Chris Burns step down as NOVONIX (NVX) CEO?
Dr. Chris Burns will step down as NOVONIX CEO effective January 24, 2025.
Who will serve as interim CEO of NOVONIX (NVX)?
Robert Long, NOVONIX’s Chief Financial Officer, will serve as interim CEO effective January 24, 2025.
When is NOVONIX (NVX) planning to start production at its Riverside facility?
NOVONIX plans to begin production at its Riverside facility in 2025.
What role will Dr. Chris Burns maintain at NOVONIX (NVX) after stepping down?
Dr. Burns will continue to support NOVONIX as Special Advisor to the Board of Directors.
Where will the new NOVONIX (NVX) CEO be based?
The new CEO will be based at the company’s headquarters in Chattanooga, Tennessee.
