Gratomic Inc. (TSX-V:GRAT, OTCQX:CBULF) said on Thursday that chief operating officer Manie Silver has been appointed chief executive officer, as part of a broader leadership shake-up at the Canadian graphite development company.
The company also named Arno Brand as executive chair and interim chief financial officer, following the resignation of Daniel Baard from both roles.
Brand, who had previously served as CEO, said Silver’s location in South Africa positions him well to oversee operations at Gratomic’s Aukam graphite project. “As a resident of South Africa, Manie is in the best position to manage the operation of the company as a result of his proximity to the Aukam graphite project,” Brand said.
Gratomic added that Brand has agreed to forgo his executive compensation retroactive to April 2024.