Vulcan Energy names deputy CEO Moreno as top boss (updated)

Vulcan Energy Resources

29/06/2023 23:46

(Updates with background, details in paragraphs 2-3, quote in
graf 4,)
       June 30 (Reuters) - Australia-listed Vulcan Energy
Resources  VUL.AX  has promoted its Deputy Chief Executive Cris
Moreno to CEO, the lithium explorer said on Friday.
    Moreno will succeed Francis Wedin, who will move to the role
of executive chairman after serving as the company's CEO since
2019. 
    Francis also founded the company's flagship 'Zero Carbon'
lithium project in Upper Rhine Valley, Germany in 2018. 
    "The changes in leadership are in line with the corporate
development as the company transitions from development phase to
the execution phase of the lithium project," the company said.  
   
    Moreno served in various roles in the lithium chemicals and
battery cathode sector in Europe prior to joining Vulcan in
2022. 
    He had also held senior positions at Santos Ltd  STO.AX ,
Woodside Energy  WDS.AX  and Shell  SHEL.L  in the LNG space.
    Earlier in the month, Vulcan said it has entered the final
stages of mechanical completion of its Lithium Extraction
Optimisation Plant (LEOP) in Germany. 
    It has teamed up with companies like Stellantis  STLAM.SI 
and chemicals producer Nobian GmbH to assist the development of
its lithium plant.

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by Shweta
Agarwal)
 ((Rishav.Chatterjee@thomsonreuters.com;))