Lynas Rare Earths Ltd. CEO Amanda Lacaze will step down after 12 years in the role.
The Australian rare earths producer has initiated a search process to select a new CEO. The board will consider both internal and external candidates.
Lacaze will remain with the company until the end of the current financial year to ensure a smooth transition.
Lacaze helped transform Lynas into a top rare-earth producers and critical supplier to global manufacturing, said Lynas Chair John Humphrey.
“This company was in a very difficult position when Amanda took on the role of CEO,” Humphrey said.
“It is thanks to Amanda’s hard work, drive and tenacity that Lynas today is a leading rare earths producer and critical supplier to global manufacturing supply chains.
“Under Amanda’s leadership, the company’s production and operating footprint has grown and our market value has increased from around AU$400 million in 2014 to close to AU$15 billion.
“This provides an excellent foundation for the company’s continued growth and development.”
Lynas is the world’s only significant producer of separated rare earths materials outside of China. Rare earths are key components for technologies looking to lower emission, as well as improve efficiency and performance.
The company operates a rare-earths processing plant in Malaysia and ships separated rare-earths to global customers.
Lacaze said her exit from the company follows the conclusion of a AU$1.5 billion investment program to increase production and make existing operations more efficient.
“It has been a great privilege to lead the company from a troubled startup to an ASX50 company,” Lacaze said.
“I am leaving the company in good hands with a fabulous team with unique skills and know-how, and a balance sheet to support future growth plans.
“Having successfully concluded the Lynas 2025 capital investment program and launched the Towards 2030 strategy, it is the right time to make this transition.”
