Lithium Americas Announces Retirement of Tom Hodgson and the Appointment of Jonathan Evans as Chief Executive Officer
May 15 2019 - 7:25AM
Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium
Americas" or the "Company"), has announced today that Tom
Hodgson has retired as Chief Executive Officer and Director. The
Board of Directors has appointed Jonathan (Jon) Evans, currently
President and Chief Operating Officer, to the role of President and
Chief Executive Officer and to replace Tom Hodgson on the Board.
Tom Hodgson has agreed to stay on as a consultant to assist with
the transition and will continue to support the Company as needed.
“I consider myself extremely fortunate to have
been a part of Lithium Americas, working with a highly effective
team as we developed and advanced our strategy of bringing two
world-class assets into production,” said Tom Hodgson. “I am
enthusiastic about Jon Evans taking on the leadership role. Jon is
the right person to take Lithium Americas into the next stage of
growth.”
George Ireland, Chairman of Lithium Americas
said, “On behalf of Lithium Americas’ Board of Directors, I would
like to express our sincerest thanks to Tom Hodgson for his service
to the company. Tom has shown tireless dedication and leadership in
building Lithium Americas into a leading emerging lithium
producer. He has been integral to the growth of the Company
since joining the Board in 2011 and becoming an active and key part
of the management team since the 2015 Western Lithium merger. We
wish Tom all the best as he begins his retirement.
The Board of the Company is also very excited to
welcome Jon Evans to his expanded role as President and Chief
Executive Officer and return to the Board. Jon is a very capable
and technically accomplished leader in the lithium industry at a
time when Lithium Americas is in a strong position to transition
from developer to lithium producer with two low cost projects in
the western hemisphere.”
Jon Evans joined the Company as President and
Chief Operating Officer in September 2018. Jon has over twenty
years of executive operations experience, including serving as Vice
President and General Manager of the Lithium Division at FMC Corp.
(now Livent Corp.) from 2008 to 2013, management positions with
General Electric in the USA and Europe and executive roles at major
industrial companies owned by private equity firms. Jon also served
as an officer in the United States Army.
About Lithium
Americas:
Lithium Americas owns a 62.5% interest in the
Caucharí-Olaroz lithium project along with its partner, Jiangxi
Ganfeng Lithium Co.,Ltd. The Cauchari-Olaroz Project is currently
constructing a US$425 million lithium mine and processing facility
in Jujuy Province, Argentina. In addition, Lithium Americas
owns 100% of the Thacker Pass lithium project located in Nevada,
the largest known lithium deposit in the United States. The Company
trades on both the Toronto Stock Exchange and on the New York Stock
Exchange, under the ticker symbol “LAC.”
For further information contact:
Lithium Americas Corp.Investor
RelationsSuite 300 – 900 West Hastings StreetVancouver, BC, V6C
1E6Telephone: 778-656-5820Email:
ir@lithiumamericas.comWebsite: www.lithiumamericas.com
Forward-Looking Statements &
Information
This news release contains “forward-looking
information” and “forward-looking statements” (which we refer to
collectively as forward-looking information) under the provisions
of applicable securities legislation. All statements, other than
statements of historical fact, are forward-looking information.
Examples of forward-looking information in this news release
include, among other things: the effects, if any, on the
Company’s performance as a result of the change in CEO, and
successful development of the Caucharí-Olaroz and Thacker Pass
projects, including timing, anticipated production, and results
thereof.
Forward-looking information may involve known
and unknown risks, assumptions and uncertainties which may cause
the Company’s actual results or performance to differ materially.
This information reflects the Company’s current views with respect
to future events and is necessarily based upon a number of
assumptions that, while considered reasonable by the Company today,
are inherently subject to significant uncertainties and
contingences. These assumptions include, successful transition of
the Company’s CEO, and the Company’s ability to fund, advance and
develop the Caucharí-Olaroz and Thacker Pass projects into
production, including results therefrom and timing thereof.
Forward-looking information also involve known and unknown risks
that may cause actual results to differ materially, these risks
include, among others, inherent risks in succession and transition
planning for key executive roles, inherent risks in development of
capital intensive mineral projects (including as co-owners),
operational risks and general market and industry conditions.
Additional risks, assumptions and other factors are set out in the
Company’s management discussion analysis and most recent annual
information form, copies of which are available on SEDAR at
www.sedar.com.
Although the Company has attempted to identify
important risks and assumptions, given the inherent uncertainties
in such forward-looking information, there may be other factors
that cause results to differ materially. Forward-looking
information is made as of the date hereof and the Company does not
intend, and expressly disclaims any obligation to, update or revise
the forward-looking information contained in this news release,
except as required by law. Accordingly, readers are cautioned not
to place undue reliance on forward-looking information.
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