Novonix (NVX) said Monday that its chief executive officer, Chris Burns, would resign, effective Friday.
The Tennessee-based firm said the board has initiated a search for a new CEO with expertise in manufacturing, operations, and scaling production to drive the company's growth in synthetic graphite production.
The company's chief financial officer, Robert Long, has been appointed interim CEO until a permanent replacement is found, it added.
Burns would continue as a special advisor to the board to provide continuity, support the company's ongoing operations, and ensure a smooth transition.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.