LBT Innovations Limited advised the retirement of Catherine "Kate" Costello from the Board of Directors, effective immediately. Kate joined the Board in August 2005 when the Company (at the time known as Labtech Systems Ltd) was preparing to list on the ASX. In August 2017, Kate became Chair of the Board. The retirement as a Director and Chair is part of the Company's planned Board renewal process, as previously announced to the market on 1 February 2021. As announced on 1 July 2021, Ms Joanne Moss will assume the role of LBT Chair, effective immediately. Joanne's appointment as Chair follows a handover between Joanne and Kate as part of the planned transition of the role of Chair.