Liontown shares slide after double leadership exit
Make us a preferred source
Make us a preferred source on Google
More news: Shares in Liontown Resources dropped in morning trade after the lithium miner announced the resignation of its chief financial officer Jon Latton and chief operating officer Adam Smits.
Liontown shares were down 4.9% to 68.5 cents at 11:20am AEST, making it the worst performing company across the ASX 200 index.
Liontown Resources CFO and COO resign
The news: Lithium miner Liontown Resources has announced the resignation of its chief financial officer Jon Latton and chief operating officer Adam Smits.
The context: Latton joined Liontown in 2022 and will remain in the role until 14 July. The company's head of finance, Graeme Pitt, will step in as CFO on an interim basis.
Smits has served as COO since 2020. He will be succeeded by Covalent Lithium chief executive Ryan Hair on 11 August.
Hair previously spent 14 years at BHP and four years at Wesfarmers' chemical, energy and fertiliser business.
What they said: "Ryan brings deep and relevant operational and commercial experience to our operations, but also to our leadership team at a time where we are transitioning the company from ramp-up to operations and ultimately to growth," said Liontown's managing director and CEO Tony Ottaviano.
The source: ASX
