5E Advanced Materials, Inc. (FEAM) just unveiled an announcement.
Susan Brennan resigned as President and CEO of 5E Advanced Materials and from the Board effective June 3, 2024, securing a separation package including a $350,000 bonus, $1,000,000 salary continuation, COBRA benefits, accelerated stock options, and waived repayments. Paul Weibel was promoted to CEO, and Joshua Malm became Interim CFO. Additionally, Stephen Hunt announced his resignation from the Board, with no disagreements cited, effective June 30, while Bryn Jones was appointed as a director starting July 1, with a compensation package including cash, long-term incentives, and stock options.
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