Standard Lithium Ltd. has announced the appointment of Ralph Alexander as an independent member of its Board of Directors, effective immediately. This strategic move is expected to bolster the company's leadership as it continues to advance its lithium production projects.
Bob Cross, Independent Chairman of Standard Lithium, expressed enthusiasm about Alexander's addition, stating, "Ralph brings more than four decades of leadership across the global energy, chemicals, power, and infrastructure sectors. His extensive operating, investment, and public company governance experience will add valuable perspective as Standard Lithium advances its portfolio of large-scale projects."
David Park, Chief Executive Officer and Director of Standard Lithium, also highlighted Alexander's qualifications, saying, "Ralph has a strong track record leading complex businesses through periods of growth and transformation. His deep experience in strategy, capital allocation, scale-up, and commercial operations will be highly relevant as we move our projects toward construction and production."
Ralph Alexander previously served as Chief Executive Officer of Talen Energy Corporation, one of North America's largest power generation and infrastructure companies, from 2016 to 2021. He has also held significant roles at Riverstone Holdings LLC and BP plc, where he led various segments, including BP's $20 billion olefins and derivatives subsidiary. Currently, Alexander serves as an independent director of NET Power Inc. and is the Co-Founder and Executive Chairman of GridFree.AI.
In connection with his appointment, Standard Lithium will grant Alexander 300,000 incentive stock options, which will vest immediately and be exercisable for a period of sixty months at a price equivalent to the US dollar closing price on the NYSE American on the date of grant.
Standard Lithium is a leading near-commercial lithium development company focused on sustainable development of high-grade lithium-brine properties in the United States. The company prioritizes projects characterized by high-grade resources, robust infrastructure, skilled labor, and streamlined permitting. Its flagship projects are located in the Smackover Formation in Arkansas and Texas, including the South West Arkansas project in partnership with Equinor and the Franklin project, which boasts the highest known lithium brine grade in North America.
Standard Lithium trades on both the TSX Venture Exchange and the NYSE American under the symbol "SLI." For more information, visit the company's website at www.standardlithium.com.