Orocobre Limited appoints new Chief Executive Officer and Managing Director

Orocobre Limited (ASX: ORE, TSX: ORL) (“Orocobre” or “the Company”) announced today that Mr Martin Perez de Solay has been appointed as the new Chief Executive Officer and Managing Director after an extensive global search by recruitment specialist Egon Zehnder. Martin will commence in these roles following the upcoming Annual General Meeting and a transition period with the current Managing Director and CEO.

Orocobre Chairman Robert Hubbard stated he was absolutely delighted with the appointment of Martin to the role, “Martin is a highly accomplished Chief Executive with the ideal blend of skills, experience and knowledge to lead Orocobre though the next stages of its development.

“Martin’s initial focus will be on the established strategy of optimising the operating performance of the Olaroz joint venture and delivering the Company’s growth plans for the Olaroz Stage 2 expansion and Lithium Hydroxide plant in Japan. Martin will be based in Argentina utilising his extensive operational expertise and in-country knowledge for the maximum benefit of Orocobre shareholders,” Mr Hubbard commented.

Martin Perez de Solay said, “My career has blended my core engineering skills with a strong financial and values-based management philosophy. I believe my background in developing businesses and improving asset performance has prepared me well for this great opportunity to lead Orocobre.

“Orocobre has already achieved much and delivered the first new brine operation in over 20 years. I look forward to working with the management team, employees and local communities as I take up this role. The opportunities before Orocobre are substantial with a quality resource, a growing market and supportive partners. It is in our hands to deliver success.”

Orocobre will maintain its existing corporate office in Brisbane, Australia.

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