RLF AgTech terminates Managing Director and CEO

RLF AgTech Ltd (ASX: $RLF) has announced the termination of the services of Managing Director and CEO, Ken Hancock, effective immediately. The Board has appointed Executive Director Mr Gavin Ball as the Acting Managing Director with immediate effect to ensure that there is no disruption to day-to-day business operations whilst the Board identifies a suitable replacement.

Executive Commentary on Management Changes

The Board of Directors at RLF AgTech Ltd has taken the decision to terminate the services of Managing Director and CEO, Ken Hancock, with immediate effect. Mr Gavin Ball, the Executive Director, has been appointed as the Acting Managing Director to ensure the continuity of our business operations. We are committed to identifying a suitable replacement for the position and maintaining the smooth functioning of the company during this transition period.

Summary of Management Changes at RLF AgTech

RLF AgTech Ltd (ASX: $RLF) has announced the termination of Managing Director and CEO, Ken Hancock, and the appointment of Executive Director Mr Gavin Ball as the Acting Managing Director. The Board aims to ensure business continuity and has not approved any change to Mr Ball's remuneration at this time. RLF AgTech is an Australian based global plant nutrition and carbon technology company that develops products to empower farmers, nourish people, and restore the earth. The company combines plant science with advanced chemistry and manufacturing practices to produce high-quality plant nutrition products for commercial agriculture. RLF's technologies will support the sequestering of carbon in the years ahead, using its Accumulating Carbon in Soil System (ACSS) to help capture and store CO2 by increasing the organic matter in the world's soils. RLF has been operating in Asia since 2006 and has recently expanded its activities in Australia with the acquisition of the LiquaForce liquid fertiliser manufacturing, sales, and application business in Queensland.