5E Advanced Material announces new CEO

Image credit: medianet.com.au

Boron and lithium manufacturer 5E Advanced Materials has named Susan Seilheimer Brennan as its new CEO beginning on 24 April. 

The new chief executive will lead all facets of the ASX-listed company as it progresses its business strategy to become a fully integrated globally significant producer of boron, lithium, and advanced materials based in the United States. 

“We are delighted with the appointment of Ms Brennan as CEO, she has an ideal mix of leadership experience across large and small company operations, substantial hands-on results at pre-revenue business buildout and delivering successful outcomes for all stakeholders,” said David Salisbury, chairman of 5E Advanced Materials

Salisbury said Brennan’s appointment follows a rigorous process of selecting the best CEO to progress the company’s strategy towards becoming a fully integrated, globally significant producer of boron and lithium. 

Brennan previously served as CEO of NYSE-listed company Romeo Power, a developer of a suite of battery technology products designed for commercial vehicles. During her stint at the company, Brennan led the successful sale of Romeo Power to Nikola Corporation, a provider of zero-emissions transportation and energy infrastructure solutions. 

Prior to this, Brennan served as the COO of Bloom Energy, a leader in fuel cell energy, and led the completion of a successful IPO after the leadership team grew the business to almost USD 1 billion. 

She brings to her new role extensive experience in successful project delivery operations, including director for manufacturing operation for Ford Motor Company, and vice president of manufacturing at Nissan North America. 

She also gained experience with chemical process development at Hoechst Celanese. 

5E Advanced Materials Principal Executive Officer Anthony Hall will commence an immediate process to transition the CEO function to Brennan and ensure a quick and effective handover, the company said in an ASX announcement.  

“We look forward to working with Susan and the broader senior management team to deliver positive outcomes for our shareholders and broader stakeholders,” Salisbury said.