The Board of Phoslock Environmental Technologies Limited (PET) announced that long-serving Managing Director, Robert Schuitema is retiring after 15 years with the Company and is to be replaced by Lachlan McKinnon at the Company's Annual General Meeting on 13 May, 2020. The role of Managing Director will be transitioned over the next two months. Robert joined Phoslock Water Solutions Limited in 2005.

At that time the Company was a micro-cap stock with a market capitalisation of some $15 million. Lachlan McKinnon joined Phoslock Environmental Technologies in January 2020 as CEO. Prior to joining PET, Lachlan had a 30 year career with Nufarm Ltd, running their businesses in Australia, New Zealand, Europe and, most recently, a development role for Nufarm North America.

Lachlan brings a wealth of international management expertise to PET's future growth as it expands into many exciting global opportunities.