Lithium Power International boss Martin Holland has decided its time to give up the reins of the company he co-founded to spend more time with his family.

Mr Holland co-founded Lithium Power (ASX:LPI) in 2015 and led the company to its ASX debut in June 2016 and subsequent acquisition of the Maricunga lithium project in Chile.

“Now is the right time for me to depart as LPI ramps up its next stage of growth, moving from explorer to developer,” Mr Holland told investors.

He added that he looked forward to spending more time with his wife and children while “embarking on the next journey” of his career.

Lithium Power has started the hunt for a new CEO.

In another part of the battery metals space, Lanka Graphite (ASX:LGR) is looking for a new CEO and management team.

Martin Holland, ex-CEO of Lithium Power

Chairman Jitto Arulampalam and managing director Emily Lee have stepped down from their executive roles and will act as non-executive directors.

Ms Lee previously quit her role has managing director but was reappointed to the role earlier this year.

Non-executive director Barry Pang has been appointed non-executive chairman.

Lanka Graphite has been contacted for comment.