Infinity Lithium Corporation (ASX:INF) has just announced a change to its board.
Infinity Lithium Corporation is pleased to announce Ramon Jimenez to the Board of Infinity. Ramon was appointed as CEO of the Company's wholly owned Spanish subsidiary Extremadura New Energies in Q1 2022.
Shares of Infinity Lithium Corporation have fallen 2.631% following the announcement.
Any change in the make-up of a company?s board can have an impact on a company?s stock price.
Generally, age-related turnovers and voluntary resignations have a marginal impact on the share price.
However, when either the Chairman or another board member is ousted, this can have a significant impact on the stock price.
As the role of the board is to endorse the strategy of the business, changes to the board can have an impact on the strategic direction of the company and therefore it?s future profitability.