Algae.Tec Limited announced that Malcolm James has been appointed as Executive Chairman and Managing Director effective immediately. The company also advises that Peter Hatfull, who has served as the company's Managing Director since listing, has stepped down from the role due to personal reasons and will be taking extended personal leave. Mal has over 30 years' experience in Australia and internationally in identifying, acquiring, funding and developing projects across many sectors, having previously raised over $2 billion in capital and debt.

Mal is a Fellow of the Australian Institute of Company Directors.