Redflow Limited (ASX:RFX) on Friday announced senior management changes as the company prepares for the first deliveries of ZCell residential flow batteries in Australia. The Redflow board has appointed Executive Chairman Simon Hackett as acting Chief Executive Officer while fellow board member Richard Aird was named acting Chief Operating Officer. Redflow announced these appointments after Stuart Smith resigned as CEO following his successful outsourcing of the entire battery manufacturing process to Flex. Mr Smith joined Redflow in 2012. Redflow director Howard Stack, who was chairman for much of that time, said the company was grateful for Stuart Smith’s leadership during the past four years.
“Stuart has led Redflow during a period in which it transformed a promising technology into a world-class battery and outsourced manufacturing to Flex,” he said. “The company is now embarking on the next phase of its development, and with Stuart’s departure we have appointed Simon and Richard as acting CEO and acting COO to oversee the delivery of ZCell batteries in Australia and to identify the leadership team to deliver Redflow batteries to the world.”