As part of its strategic transformation to become a leading North American vertically integrated lithium producer, Avalon Advanced Materials Inc. (TSX: AVL and OTCQB: AVLNF) (“Avalon” or the “Company”) is pleased to announce the appointment of three veteran executives to its leadershipteam, a key milestone as the Company executes on an ambitious growth plan.
• Scott Monteith will assume control as interim Chief Executive Officer
• Jim Jaques will serve as the Company’s inaugural Chief Administrative Officer
• Jan Holland will join the Board of Directors
“These appointments, and others to come, underscore the arrival of Avalon 2.0,” Zeeshan Syed, Avalon President, said. “The commitment of our new leadership team is clear: reorient the Company towards full vertical integration of the lithium production cycle, and help establish Ontario, and Canada more broadly,
as a strategic fulcrum in North America’s clean energy transition.” All appointments are effective immediately, as the Company initiates a new growth phase consisting of
transformational developments to be announced in the weeks and months ahead. Avalon also announces that, following a long and successful tenure with the Company, former President and CEO Donald Bubar has decided to step down from the board of directors. Avalon would like to thank him for his years of service. “We’re assembling a new execution-focused team of deeply experienced professionals aligned around transforming Avalon into a world-class lithium producer, and in turn, helping ensure the path to a clean energy future runs through Canada,” Mr. Monteith said.
