Galaxy Resources Limited (ASX:GXY) Appoints Chemical Division Managing Director and Alternate Director
Perth, Dec 2, 2011 AEST (ABN Newswire) - Emerging lithium producer Galaxy Resources Limited (
ASX:GXY) is pleased to announce the following appointments to the Company.
Mr Allen Qian: Managing Director Chemical Division, China
Mr Allen Qian has been appointed Managing Director of Galaxy's chemical division. Mr Qian replaces Mr Mark Sun who resigned recently due to family reasons.
Mr Qian has a Bachelor of Business/Engineering from Shanghai Jiao Tong University and a Master of Business Administration from Harvard Business School, where he was a Tao Scholar. His previous role was Managing Director of KNT Chemical Co Ltd, a publicly listed automotive paint manufacturer in Shanghai. Prior to that, he was Managing Director of Tonglin Casting Industrial Co Ltd, a subsidiary of Johnson Electric Group.
Other companies Mr Qian has worked for include Johnson Electric Capital, General Motors (GM) Shanghai and Ssangyong Corporation Shanghai. At GM, Allen managed GM's general assembly operation in Shanghai. In 1998, while working for GM, he was nominated and joined GM's Global Leadership Development Program (10 employees globally) at Kettering University in Flint, Michigan - USA.
Ms May Chen: Alternate Director, China
Ms May Chen has been appointed alternate director for Dr Yuewen Zheng.
Ms Chen has considerable experience in public audit, internal audit/control, and risk management. She holds Chinese CPA and Californian CPA qualifications as well as a Bachelors Degree and a Masters Degree in Accounting.
Ms Chen was previously an audit partner for PricewaterhouseCoopers in Beijing and has also worked as an audit manager with Zurich Insurance in the US.
She has held previous positions with Deloitte, Chinese CPA and LG. Philips Hong Kong, where she served IPO clients in China and multinational companies with internal control framework as well as SOX compliance work. Ms Chen also gained experience in risk management during her employment in the US.
About Galaxy Resources Limited
Galaxy Resources Limited (ASX:GXY) (OTCMKTS:GALXF) is an international S&P / ASX 200 Index company with lithium production facilities, hard rock mines and brine assets in Australia, Canada and Argentina. It wholly owns and operates the Mt Cattlin mine in Ravensthorpe Western Australia, which is currently producing spodumene and tantalum concentrate, and the James Bay lithium pegmatite project in Quebec, Canada.
Galaxy is advancing plans to develop the Sal de Vida lithium and potash brine project in Argentina situated in the lithium triangle (where Chile, Argentina and Bolivia meet), which is currently the source of 60% of global lithium production. Sal de Vida has excellent potential as a low cost brine-based lithium carbonate production facility.
Lithium compounds are used in the manufacture of ceramics, glass, and consumer electronics and are an essential cathode material for long life lithium-ion batteries used in hybrid and electric vehicles, as well as mass energy storage systems. Galaxy is bullish about the global lithium demand outlook and is aiming to become a major producer of lithium products.
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