SYDNEY: The Board of Embedded electricity provider, Locality Planning Energy Holdings Limited (ASX: LPE), has resolved to terminate the employment of its Chief Executive Officer, Mr. Damien Glanville, with immediate effect due to his failure to comply with LPE’s Security Trading Policy.

The Board, led by our Executive Chairman, Mr. David Jarjoura, will continue to lead the delivery of the Company’s strategic objectives and supervise operations whilst an executive search is undertaken for a suitable replacement.

The Board is supported by a strong and professional operational team and is confident this transition will cause minimal disruption to the Company’s ongoing business.