08:42 AM EDT, 07/10/2024 (MT Newswires) -- Largo Physical Vanadium Corp. ( VANAF ) said overnight Tuesday that it appointed Francesco D'Alessio as CEO, effective immediately.

D'Alessio is replacing Paul Vollant, who will continue to serve on the company's board of directors.

A statement noted D'Alessio has over 17 years of experience in metals sales and trading, recently serving as president of Largo Clean Energy.

"With over 15 years of expertise in the vanadium and energy storage sectors, Francesco's experience will be instrumental as we enter the next phase of our growth," said Jonathan Lee, chairman of Largo Physical Vanadium ( VANAF ).

The company's share price closed at near 52-week lows yesterday at $0.96 on the TSXV.