Piedmont Lithium Ltd (ASX:PLL) (NASDAQ:PLLL) has strengthened its US-based board as it advances its vertically-integrated lithium supply strategy centred on the prolific Carolina Tin-Spodumene Belt in the US state of North Carolina.
The company has appointed Jeff Armstrong to the board of directors as an independent non-executive director with Mark Pearce to step down from his non-executive director position.
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President and CEO Keith Phillips said: “Jeff is an outstanding addition to our board and will add valuable experience and extend our relationships in North Carolina.
“We are pleased to have another US-based independent director, and I look forward to working closely with him.
“In addition, on behalf of the board, I would like to thank Mark for his substantial contribution in progressing Piedmont into a dual-listed US lithium development company with plans to provide a new US domestic source of lithium to supply the increasing electric vehicle and battery storage markets.”
Active in community
Armstrong lives in Charlotte, North Carolina, where he is active in the community and has extensive relationships with major corporations and entrepreneurs alike.
He serves as CEO and managing partner of North Inlet Advisors, LLC, a firm providing strategic and financial advice to companies on capital formation, mergers, acquisitions, divestitures, restructurings and other corporate transactions.
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Armstrong was previously a senior leader in what is now Wells Fargo Investment Bank for nearly a decade.
With this company, his leadership roles included the head of corporate finance, mergers and acquisitions, private equity coverage and leveraged capital groups.
He also worked as an investment banker for Citigroup from 1994 to 1999 and for Morgan Stanley from 1987 to 1994.