The board of directors of Algae.Tec Ltd. announced the retirement of Executive Chairman, Mr. Roger Stroud. The company announced the appointment of Mr. Malcolm James as independent, non-executive Chairman. Mr. James has over 27 years experience in finance, project development and public company management. He is currently the principal of MRJ Advisors, a boutique investment, advisory and project development organisation with offices in Perth and New York, and is the Non-Executive Chairman of Anova Minerals Ltd. Mr. James is well known for his philanthropic work in Australia and overseas and was the inaugural CEO of the Australian Employment Covenant, an organization set up to promote long term employment for indigenous
Australians.