# Michael Adams Managing Director; Chief Executive Officer ## Career chronology - **Joined the board in January 2021, became a full-time employee in May 2021 and became CEO and Managing Director in June 2021; the selected roster specifies 1 June.: Advanced Engineered Materials Limited** — Board member, then full-time Managing Director and CEO. [Investor Presentation Roadshow September 2026]() (slide 22, management team); [AEM Ltd 31 December 2025 Annual Report]() (pp.14, 20 and 86) - **Before joining AEM; exact periods not disclosed: Trafalgar House; Kvaerner; Gammon Construction** — Senior leadership in infrastructure and industrial-project development, financing and construction. [Management \| Michael Adams]() (biography) ## Education and qualifications ### Engineering and business qualifications reported [michael-adams-education] Education; biography current at cutoff · issuer reported · low materiality AEM reports that Adams is an engineer, holds an MBA from INSEAD and a Master’s degree in Engineering from the University of Cambridge. No institution-level verification was found in the documented search. **Attribution:** Responsibility not applicable. Credential statements are company-reported and were not independently verified. **Relevance:** Relevant to an industrial CEO role and plant expansion. [Management \| Michael Adams]() (biography) ## Contributions and company outcomes ### Product tailoring capacity remained below headline first-stage capacity; sales remained early-stage [michael-adams-aem-ramp] Six months to 30 June 2026; guidance and capacity clarification through 1 October 2026 · issuer reported · medium materiality AEM’s 2026 interim report records 12.5 tonnes of HPA sales, A$459,518 revenue and a A$13.42 million net loss for the first half of 2026. The September deck states 2,000 tpa nameplate capacity and forecasts 40–60 tonnes of H2 sales. On 1 October, Adams clarified that 2,000 tpa equipment capacity applied to the first two stages, with the final product-tailoring stage still needing additional equipment; capacity is not actual output and H2 sales were guidance at the evidence cutoff. **Attribution:** Role overlaps event; causation unproven. Adams was CEO during the period, but the evidence establishes only role overlap, not personal causation. **Relevance:** Directly relevant to CEO execution, conversion of qualification pipeline, plant utilization and cost control. [Advanced Engineered Materials Limited Interim Report for the Half Year 2026]() (directors’ report, p.4; half-year P&L, p.12); [Investor Presentation Roadshow September 2026]() (slides 4, 22 and 24); [AEM investor update transcript, 1 October 2026]() (Adams answer to question about execution and stages of 2,000 tpa capacity) ## Suitability for the current role ### Infrastructure delivery experience fits a plant ramp, with no dated project record disclosed [michael-adams-role-fit] Current role at 31 October 2026 · analyst inference · low materiality Analyst inference: AEM’s biography reports more than 40 years as an engineer, including senior roles developing, financing and building major industrial and infrastructure projects. That background is relevant to commissioning and expansion, but sources do not give dates or independently quantified outcomes for his earlier projects. **Attribution:** Responsibility not applicable. This is an inference from disclosed experience and is not an outcome attribution. **Relevance:** Relevant to a manufacturing scale-up that depends on engineering, financing and reliable plant delivery. [Management \| Michael Adams]() (biography) ## Evidence gaps - AEM’s biography names prior infrastructure employers but gives no project names, periods, budgets or independently verified delivery outcomes. - Open-web searches documented here are not an exhaustive court, regulator, sanctions, criminal-record, reference or credential check. - The annual report gives June 2021 as CEO appointment month; the exact 1 June date in the selected roster was not independently verified.