SYDNEY, AUSTRALIA: Graphite producer and battery anode supplies developer Volt Resources Limited (ASX: VRC) introduced the appointment of Prashant S. Chintawar to the role of Chief Executive Officer as of 1 January 2023.
Prashant joined Volt on 1 September 2022, having led the US industrialisation technique for a top ten global EV and ESS battery producer, in addition to beforehand serving as Director, Global Business Development & Sales for main global chemical firm BASF.
Since becoming a member of Volt, he has quickly displayed a really excessive level of proficiency in his key objectives. These include the event of the Company’s quickly scaling downstream business, evaluation of Battery Anode Material enterprise actions inside the US and Europe, organisation structure, development plans, and planning for small scale, and producer level, Battery Anode Material facilities.
While mining and processing of uncooked supplies is the basis of the Company, Volt anticipates considerably greater future worth creation will be derived from the manufacturing of graphite based battery supplies inside the US and European markets. In line with this view, the promotion of US-based Prashant marks a key milestone inside the work we have done in positioning Volt to become a benchmark-setting Company on this industry.
Over the final 18-24 months, Volt has pursued a technique designed to capitalise upon the vast, and quickly growing, alternative in becoming a number one built-in provider of pure graphite anode supplies to the battery industry.
Managing Director, Trevor Matthews, who has been a driving force of Volt for six years and was instrumental inside the success of the downstream initiatives will transition to Executive Director – Finance and Commercial as of 1 Jan 2023 and proceed to work closely with the Volt team.
Chief Operating Officer, Justine MacDonald, who joined Volt in 2021 after 22 years inside the African mining industry working throughout useful resource geology, project administration and enterprise improvement, will tackle a greater role inside the operation and development of the Company’s graphite assets.
Non-Executive Chairman, Asimwe Kabunga said: “Since becoming a member of Volt, Prashant’s high-level industry experience, and deep industry networks, have shone through inside the work he has done and the projects he has underway. We are thrilled that he has now accepted the role of CEO for Volt and believe that having such extremely certified Company management located on the geographic coronary heart of the market alternative is an enormous future value-driver for the Company.
Prashant Chintawar commented: “I am deeply honored and need to thank the Volt Board of Directors for his or her confidence in selling me to the role of CEO. Volt has high-quality graphite assets and high-value existing relationships alongside the battery worth chain, and the appointment permits me to fully leverage my skills and networks.
It additionally comes at a time when the battery sector is having fun with robust market dynamics, with automotive OEMs pushing ever harder for extra localised provide chains, and governments offering coverage and monetary support. Volt’s assets and this market again drop mix to provide Volt a truly distinctive and transformational growth opportunity, that I am privileged to take management of.”