Altech Batteries Ltd Stock Market Press Releases and Company Profile
Appointment of Chief Financial Officer
Appointment of Chief Financial Officer

Perth, Sep 30, 2021 AEST (ABN Newswire) - Altech Chemicals Limited (googlechartASX:ATC) (googlechartA3Y:FRA) is pleased to announce that it has appointed Martin Stein as its chief financial officer (CFO), effective 1 November 2021.

Mr Stein will replace Mr Shane Volk in the role as CFO. Mr Volk recently advised the Company of his decision to relinquish the CFO position at Altech in order to commence as the inaugural chief executive officer of a junior exploration company seeking to list on the ASX. Mr Volk will remain as the company secretary of Altech, which in addition to providing continuity for this position will assist with the transition of his CFO duties to Mr Stein.

Martin Stein has held the position of chief financial officer and company secretary for several ASX listed companies, including most recently Golden Deeps Limited, Metals Australia Limited and Sabre Resources Limited. In these roles, Mr Stein has been responsible for all aspects of capital raising, financial management, shareholder liaison and corporate governance. Prior to this, Mr Stein held senior positions with both Anvil Mining Limited as well as with PricewaterhouseCoopers at its London office. Martin holds a Bachelor of Business, is a qualified Chartered Accountant (CA) and a Chartered Secretary.

Altech managing director, Iggy Tan said that "I would like to welcome Martin Stein as the Company's new chief financial officer. Martin's diverse and broad finance and governance experience across a number of ASX listed companies operating in various global environments is extremely well suited to Altech's needs.

I'd like to thank Mr Volk for his 7 years of service as the Company's chief financial officer and company secretary. Both I and the other members of the Altech board offer Shane our best wishes for his new venture. However, in agreeing to continue with Altech as company secretary, both the Company and Martin will benefit from the continuation of his service in that role."


About Altech Batteries Ltd

Altech Chemical Ltd ASX:ATCAltech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns. 

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

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Contact

Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com



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