IGO board smaller as Spence, Yang resign under renewal plan
Battery minerals miner IGO on Tuesday announced that directors Keith Spence and Xiaoping Yang would resign from the board later this year as part of its ongoing board renewal and succession process.
Spence, a ten-year veteran and former chair of the sustainability committee, would retire effective November 18, while Yang would step down on November 14, after five years of board service.
These departures align with the broader restructuring unveiled earlier this year, in which IGO said it would reduce its board size, transition the chair role, and recruit new independent nonexecutives to align more closely with the company’s refreshed strategy.
Chairperson Michael Nossal acknowledged the contributions of both departing directors. “On behalf of the entire IGO board, I would like to express our sincere gratitude to Keith Spence for his wisdom, operating and strategic vision, and to Xiaoping Yang for her insights, particularly from her international and downstream processing experience. Both Keith and Xiaoping have made an invaluable contribution to IGO during their respective tenures.”
Spence had foreshadowed his retirement at last year’s AGM. Under his leadership of the sustainability committee, IGO progressed improvements across safety, operations and environmental management. Yang, who joined IGO’s board in 2020, is noted for her strategic oversight in downstream processing and international business relationships.
In June, the company reported that the board renewal was intended to “provide effective oversight and governance in the context of IGO’s refreshed strategic direction, its ongoing organisational transformation, and its mission to supply the commodities essential for the global energy transition".
These resignations follow that of Justin Osborne, who stepped down in August.
IGO will now look to appoint new independent nonexecutive directors who bring capabilities aligned with the company’s strategic priorities.
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