Lynas Corporation Ltd. (ASX:LYC) announced that effective March 31, 2012, its current CEO, Nicholas Curtis, will be replaced by Eric Noyrez. The company’s press release notes that the replacement was planned and reflects Lynas’ shift from development to production.
As quoted in the press release:
Nicholas Curtis will remain on the Board as non-executive Chairman and in that capacity will continue to focus on strategy development and remain integrally involved in the development and implementation of Lynas’ Shared Value program. He will also continue to represent Lynas at the World Economic Forum and Co-Chair the WEF’s Global Growth Companies group.
Achieving our first rare earths production last week is a significant transformational milestone, and a fitting time for us to allow Eric to take over all executive responsibility.
Eric has a detailed knowledge of the international rare earths and chemical industries, and has led the operational implementation of the Lynas Rare Earths project. Before joining Lynas, he spent nine years with Rhodia, a French chemical group now part of the multinational Brussels-headquartered Solvay Group. Rhodia‟s Silcea division is a leading global supplier of products utilising rare earths and rare earths technologies and as such is a major consumer of rare earths. Eric was President of Rhodia Silcea and a member of Rhodia‟s Executive Committee.