Nick Clark, former CEO for Greer-based Alexium International Group Limited, will retire from the company in August. In June, Clark moved from CEO of the company to the executive director of strategy.
He will retire both from his executive position and from the company’s board of directors but said he will maintain his stake in the company. He is the second-largest shareholder of the company.
Clark said he plans to “focus on the needs of his young family” following the 2016 death of his wife Georgia.
“Nick has worked tirelessly for the benefit of shareholders in his time with Alexium, always putting Alexium first,” said Gavin Rezos, Alexium board chairman said, in a statement. “In the four years that Nick has been CEO, Alexium has grown from an early stage specialty research and development company to a sales-focused company based in a state-of-the-art facility in Greer.”
Clark joined the company in 2011 in Perth, Australia as its chief financial officer. He became the CEO in April 2013 and moved to Greer. In June, former Milliken Research Corp. research engineer Dirk Van Hyning was elevated to the role of CEO as Clark decided to focus on the company’s strategy and relationships in Washington, D.C.
Last year, Alexium International reported more than $2.6 million in revenue in its first year selling its flame retardant chemicals. The company is in the process of transitioning from a NASDAQ Designate to trading on the NASDAQ. No time table has been set to complete that transition.