Cornish Lithium plc announced new board changes with the appointment of Gary Steven as a non-executive director while NED Adam Howard steps down.
Mr Howard leaves with immediate effect to become chief financial officer at Invinity Energy Systems.
“I extend my thanks to Adam for his contributions as a non-executive director and wish him every success in his new role,” said Cornish Lithium founder, interim chairman and chief executive officer Jeremy Wrathall.
Mr Steven join as a representative of HM Treasury-owned National Wealth Fund, formerly known as UK Infrastructure Bank.
The NWF is a key institutional investor in Cornish Lithium, along with TechMet and The Energy & Minerals Group.
Mr Steven has 20 years’ finance experience including his current role as a director in NWF’s portfolio management team where he manages a diverse debt and equity investments.
His previous roles cover originating and structuring debt and equity transactions, ProjectCo directorship roles and managing debt and equity portfolios.
Prior to NWF, Mr Steven worked at BlackRock where he oversaw the valuation of all the company’s infrastructure investments covering EMEA, North America and APAC.
He has also worked at Dalmore Capital, Bank of Scotland and Lloyds Banking Group.
Mr Steven has an MA in Economics from Heriot-Watt University and a diploma from the Chartered Institute for Securities and Investments.