Li-Cycle to appoint Diane Pearse to board of directors.
Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, announced that Diane Pearse, an experienced C-Suite executive, corporate director and audit committee financial expert, is expected to be appointed to serve as an independent director on the Company’s Board of Directors (the “Board”), immediately following the Company’s 2023 Annual General Meeting of Shareholders to be held on April 27, 2023.
The Board will then be comprised of nine directors, of whom two-thirds will be independent and one-third will be women. Ms. Pearse is expected to be appointed to the Company’s Audit Committee and Heath, Safety, Environment & Sustainability Committee.
Li-Cycle is committed to enhancing the balance of independence, diversity and skills of the Board. Ms. Pearse’s addition to the Board will bring audit committee financial expertise, increase the level of independence, and enable the Company to achieve its 30% target for gender diversity on the Board.
Tim Johnston, Li-Cycle’s co-founder and Executive Chair, said:
We are excited to welcome Diane to the Board.
“She brings exceptional leadership, financial and operating skills, and we believe that her experience and insights will be a tremendous addition to the Li-Cycle Board as we continue to scale our Spoke & Hub network to serve our customers around the world.”
Diane Pearse, said:
I am looking forward to joining Li-Cycle’s Board and to working closely with the Company’s management team and Board members to help drive the acceleration of the global clean energy transition through Li-Cycle’s innovative Spoke & Hub network.
Ms. Pearse currently serves on the board of MSA Safety, Inc. (NYSE: MSA), a manufacturer and supplier of safety products to protect workers and facility infrastructures in a variety of industries, and as a director of Basic American Foods, Inc., a privately held food manufacturing company. Ms. Pearse was previously a C-Suite executive, having held CEO, COO and CFO roles for several companies.
She retired as CEO and President of Hickory Farms, LLC, a multi-channel food products retailer, in January 2022. Her other roles have included COO and Executive Vice President of Finance for Garrett Brands, a privately-held consumer products company; Senior Vice President of Finance and Operations at Redbox Entertainment, Inc., a video entertainment and distribution company; and CFO of Crate and Barrel, a home furnishings retailer. Her financial expertise was developed through progressive roles within the finance functions of Amoco Corporation and BP, leading multinational oil and gas companies.
Ms. Pearse currently serves on the Dean’s Advisory Council for DePaul University’s Driehaus College of Business and on the board of directors of Uniting Voices Chicago, a not-for-profit organization that supports music education.
Ms. Pearse was included in Crain’s 2019 Notable Women Executives over 50 and in Women Inc. Magazine’s 2019 Most Influential Corporate Directors. She is a member of The Chicago Network and a member of The Women Corporate Directors Foundation. Ms. Pearse graduated Bronze Tablet from the University of Illinois-Urbana with a B.S. in Accountancy, and obtained an M.B.A. in Finance, with honors, from DePaul University.
About Li-Cycle Holdings Corp.
Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications.
The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.
READ the latest Batteries News shaping the battery market
Li-Cycle to Appoint Diane Pearse to Board of Directors, Toronto, April 18, 2023
