NEO Battery Materials Appoints Prominent South Korean Attorney, Mr. Seok Hyung Lee, as New Director and Announces Battery Board Transition Initiative
November 22, 2024 (Source) — NEO Battery Materials Ltd. (“NEO” or the “Company”) (TSXV: NBM) (OTC: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce the appointment of Mr. Seok Hyung Lee as a new independent director of the Company and the South Korean subsidiary, NBM Korea Co., Ltd. (“NBM Korea”), effective November 22, 2024.
Mr. Seok Hyung Lee is a distinguished South Korean attorney with an illustrious legal and public service career of over 50 years. Serving in a multitude of highly acclaimed legal positions, Mr. Lee was the Lead Attorney-at-Law for the Former South Korean President and the Presiding Judge of the Seoul High Court. As part of public service, he served in federal Ministerial-level roles, including Chairperson of the Press Arbitration Commission (Committee of the Ministry of Culture, Sports, and Tourism) and Audit Commissioner of the Board of Audit and Inspection (Direct Agency of the President of South Korea).
Beyond the scope of legal roles, Mr. Lee has been an Independent Director of HD Hyundai Electric (South Korea’s largest power generation and transmission company and affiliate of global conglomerate HD Hyundai) and an Independent Director of KB Capital and KB Asset Management (Subsidiary of South Korea’s largest financial institution, KB Financial Group). He is currently the managing partner of Sangyung Law Firm and has earned his LL.B. from Seoul National University College of Law.
As NEO’s independent director, Mr. Lee will oversee overall corporate governance and strategy and help the Company and NBM Korea navigate through South Korea’s legal and business environments. With an extensive network in politics, finance, and commerce, he will enable NEO to establish invaluable connections and to gain further opportunities to build the Company’s battery business.
Mr. Spencer Huh, Director, President and CEO of NEO, commented,
We extend our warmest welcome to Mr. Seok Hyung Lee, and we look forward to his valuable insights and leadership.
“Mr. Lee’s appointment aligns with the Company’s commitment to securing highly qualified personnel to aid in the commercializing of NEO’s silicon battery technology. We are confident that Mr. Lee’s expertise and contributions will guide the Company through its next growth phase in the Asia-Pacific region.”
NEO Battery Materials is undertaking the initiative to transition the existing board of directors into a new set of board members who are strategically aligned with the Company’s battery business (“Battery Board”). The Battery Board aims to consist of industry, finance, and governmental professionals who will deliver high impact to advance NEO’s silicon anode commercialization. The transition process is expected to be completed in the next six months.
As a part of the transition process, Christopher Chung has resigned as a director of the Company. NEO would like to thank him for his contributions to date.
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NEO Battery Materials Appoints Prominent South Korean Attorney, Mr. Seok Hyung Lee, as New Director and Announces Battery Board Transition Initiative, source
