Orocobre Chairman, Robert Hubbard commented, "I am pleased to welcome Martín to the Board of Orocobre as he commences his CEO duties. The transition period between Martín and Richard has been extremely smooth and reflects the high calibre and commitment of both people."

"I would also like to take this final opportunity to thank Richard for his contribution to Orocobre over the past twelve years and wish him all the very best in his future endeavours."