As part of the transition to the new executive structure, Philip St Baker has retired as Managing Director and resigned from the Board Novonix Limited. Philip will be taking up the role of Chairman of Delta Electricity, a major electricity generation and retail company in NSW, Australia, presently chaired by Trevor St Baker AO, who is replacing Philip on the Board of NOVONIX, as Non-Executive Director. Trevor St Baker AO, is the founder and director of the St Baker Energy Innovation Fund, the major shareholder in NOVONIX. Trevor has over 60 years experience in the energy industry, including 23 years in planning and leadership roles within NSW and Queensland Electricity Commissions, 12 years as Principal of ERM Consultants then founding ERM Power Ltd. which was acquired by Shell for $617 million in November 2019. Trevor is currently Chairman of Sunset Power International t/a Delta Electricity and is the founder and a Director of the St Baker Energy Innovation Fund (SBEIF). Current Independent Non-Executive Directors, Andrew Liveris AO and Rob Cooper, will continue to serve on this renewed Board. CareWear Corp, of Reno NY. He is also a founding director of SMR Nuclear Technology Pty Ltd. Trevor also co-founded the St Baker Wilkes Indigenous Educational Foundation Limited, and he and his wife have established the Trevor & Judith St. Baker Philanthropic Trust. Reflecting the locus and importance of the Company s operations in North America, Admiral Robert (Bob) Natter will take an Executive Director role with particular focus on supporting the PUREGraphite operations team in Chattanooga, Tennessee. At the same time, Greg Baynton will move from an Executive Director role and remain a Non-Executive Director of the Company. Current Independent Non-Executive Directors, Andrew Liveris AO and Rob Cooper, will continue to serve on this renewed Board. In addition, two committees of the Board will be established, an Executive Committee chaired by Tony Bellas, with members being Bob Natter, Chris Burns and Nick Liveris, and a Remuneration Committee, chaired by Robert Cooper, with the independent Directors Tony Bellas, Andrew Liveris and Trevor St Baker as members. Importantly, all Non-Executive Directors of NOVONIX have recommitted to continue to provide active strategic guidance and support of critical customer and supplier relationships globally.