Orocobre Ltd. said Jan. 18 that it appointed Martin Perez de Solay as managing director and CEO, following the retirement of Richard Seville.

Seville will continue to serve as nonexecutive director at Orocobre.

In November, Orocobre, Toyota Tsusho Corp. and Jujuy Energia y Mineria Sociedad del Estado, approved the US$295 million investment required for the second-stage expansion of the Olaroz lithium facility in Argentina.