Standard Lithium names David Park as CEO

Standard Lithium

01/08/2024 15:29

Aug 1 (Reuters) - Canadian miner Standard Lithium
 SLI.V  on Thursday named David Park as its new chief executive
officer, effective Sept. 1, succeeding longtime CEO Robert
Mintak.
    The incoming CEO has served as a strategic advisor for
Standard Lithium over the past year and helped the lithium miner
secure an investment from Equinor ASA  EQNR.OL  in projects
located in Southwest Arkansas and East Texas.
    Park, in a prior role, has served as the president at a unit
of Koch Industries, Standard Lithium's biggest shareholder. 
    Mintak, who has been at the helm of Standard Lithium for
more than seven years, will retire, but will remain as an
advisor through August 2025.
    Standard Lithium is among a number of companies trying to
use direct lithium extraction technologies to supply the key
metal to the EV industry.
    Equinor and Lanxess  LXSG.DE  are involved in Standard's DLE
projects in Arkansas, where Exxon Mobil  XOM.N  is also looking
to develop a project.

 (Reporting by Vallari Srivastava in Bengaluru; Editing by
Shailesh Kuber)
 ((Srivastava.Vallari@thomsonreuters.com;))