Redflow Limited announced leadership changes, including a new Managing Director and CEO and an Independent Non-Executive Chairman, effective immediately, as it prepares to commence manufacturing in Thailand and grow battery sales during the next 12 months. Redflow's shareholder Simon Hackett - who became acting CEO 12 months ago ­ has stepped aside from his executive role after completing a year-long mission to refocus, redirect and recapitalise the business. Simon will continue as a non-executive director with special oversight for technology-related matters.

The Redflow Board has promoted Chief Operating Officer, Richard Aird, as CEO to accelerate the company's new strategic direction announced in May 2017. With more than 20 years' experience in commercial development and operations, Richard has a thorough understanding of Redflow and its technology from holding various roles with the company since 2009. He has the skills and expertise needed to drive the company as it starts manufacturing batteries in Thailand and implements cost downs in battery production.

Discussions regarding terms of engagement to reflect Richard's new role are well advanced and will be disclosed in accordance with the listing rules when finalised. Redflow has also recruited Brett Johnson, Qantas General Counsel from 1995-2012, to its Board as Independent Non-Executive Chairman, replacing Simon Hackett. Brett brings extensive experience including directorships of listed companies, Scott Corporation Limited (2005-2014) and Helloworld Limited (2009-2016), where he was Chairman from August 2014 until December 2015.

Role of former Executive Chairman Simon's technology oversight role will comprise external communications, public advocacy for the company's zinc-bromine flow battery technology and guiding its continuing technical development and direction.