Susan Alban nominated to join li-cycle 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 Susan Alban, Chief People Officer and Operating Partner at Renegade Partners, a venture capital firm based in Menlo Park, California, has been nominated for election to the Company’s Board of Directors (the “Board”) at the Company’s annual meeting to be held on April 27, 2023 (the “Meeting”).
Tim Johnston, Li-Cycle’s co-founder and Executive Chair, said:
We believe that Susan will be a great addition to Li-Cycle’s Board.
“She brings deep expertise in human resources management at rapidly growing companies and we are excited to welcome her to the Company’s Board. We believe that her experience and insights will help Li-Cycle as we continue to scale our Spoke & Hub network to serve our customers around the world.”
Susan Alban, Chief People Officer and Operating Partner at Renegade Partners, said:
I’m excited at the opportunity to join Li-Cycle’s Board and I’m looking forward to working closely with the Company’s management team and Board members.
“Through its innovative Spoke & Hub network, Li-Cycle supports the acceleration of the global clean energy transition and I’m excited to help drive that change.”
Ms. Alban currently serves as the Chief People Officer and an Operating Partner at Renegade Partners, where she supports the firm’s portfolio companies across all areas of Human Resources. Ms. Alban brings deep expertise in operations and product, especially around launches. Previously, Ms. Alban was the VP of People at Zume, a General Manager at Uber, as well as a group product manager at eBay, working in partnership with PayPal to drive improvements across eBay’s e-commerce funnel.
Ms. Alban started her career at McKinsey & Company, where she was a management consultant for healthcare and consumer products businesses, with a focus on M&A and growth. After McKinsey, she joined CHB Capital Partners, a middle market private equity firm, where she invested and worked closely with CHB’s portfolio companies. Ms. Alban has a degree in Economics from Duke University and an MBA from Stanford Graduate School of Business.
Ms. Alban was nominated by Peridot Acquisition Sponsor, LLC as one of its two nominees for election to the Board and is expected to be designated as an independent director. In addition to bringing skills and expertise in human resources and executive compensation matters, Ms. Alban’s addition to the Board is expected to enhance the balance of both independence and gender-diversity on the Board.
Mr. Ajay Kochhar, Li-Cycle’s co-founder and Chief Executive Officer, said:
On behalf of the Board and management team, we would like to take this opportunity to thank our outgoing directors, Mr. Rick Findlay and Mr. Alan Levande, for their service to Li-Cycle.
“Rick has helped guide the Company since its early days in 2017. Alan’s involvement started with his work at Peridot which was instrumental in Li-Cycle becoming a public company in August 2021. We’re grateful for their contributions and dedication to the Company.”
Li-Cycle believes that a Board size of nine members continues to be the optimal Board size for the Company for fiscal 2023. The Company is in the process of recruiting an additional independent director with audit committee financial expertise from a pool of candidates, all of whom are female.
That appointment, which is expected later in 2023, is expected to enhance the Board’s experience in relation to finance matters, increase the level of independence on the Board and allow the Company to achieve its 30% target for gender-diversity on the Board.
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/.
Susan Alban Nominated to Join Li-Cycle Board of Directors, Tornot, March 17, 2023
