The Board of Phoslock Environmental Technologies [PET] announce that its Non-Executive Chairman Laurence Freedman AM, has advised of his intention to retire from the Board at the conclusion of the 2021 Annual General Meeting. Mr. Freedman joined the Board of PET in 2010 and was appointed Chairman in the following year. The company also announced that two new independent non-executive directors have been appointed to the Board, effective 5 April 2021. Mr. David Krasnostein AM has been appointed to the Board and brings extensive legal and business experience across a distinguished corporate career and board representation. Mr. Krasnostein was formerly General Counsel and Group Director, Strategic Planning and Development at Telstra; Group Chief General Counsel at National Australia Bank; and Chief Executive Officer of MLC Private Equity. Mr. Krasnostein will be appointed Chairman of PET upon the retirement from the Board of current Chairman, Laurence Freedman. Mr. Bob Prosser has also been appointed to the Board and will chair the Company's Audit and Risk Committee. Mr. Prosser has extensive experience as a director and is a chartered accountant and former partner at PricewaterhouseCoopers (PwC). He has held directorships with ASX listed companies including Australand Property Group and is currently chair of the Audit, Risk and Investment committee of the National Breast Cancer Foundation.