Iofina announced that the board has accepted the resignations of George Lantz and Gary Gatchell. As a result of this, and with immediate effect, Jeffrey Ploen, Co-founder and current non-Executive Director, has been appointed Interim Chief Executive Officer and President of the Company in place of Mr. Lantz. Further, Mike Coddington, Iofina Chemical's current CFO and the former Finance Director of the Company (2010-2013), has been appointed Finance Director in place of Mr. Gatchell.

Both Gary and George have offered to be consultant's to the Company, if needed, to allow for a smooth transition, as per their mutual resignations. Dr. Tom Becker, current President and CEO of Iofina Chemical, will now have expanded responsibilities within the Company. Paul Chase-Gardener, whilst originally intending to retire at this year's Annual General Meeting, has now considered it best to do so immediately for an orderly transition of the board.