PyroGenesis Canada Inc (TSE:PYR) (OTCQB: PYRNF) (FRA 8PY), has appointed Ben Naccarato -- the CFO of Perma-Fix Environmental Services Inc (NASDAQ:PESI) -- as an independent director.
Naccarato, whose environmental services company is listed on the NASDAQ and provides unique radioactive mixed and industrial waste management services, brings to the board more than 30 years of experience in senior financial positions in the industry, PyroGenesis said.
He is a graduate from the University of Toronto with a Bachelor of Commerce and Finance Degree as well as being a Chartered Professional Accountant and Certified Management Accountant.
READ: PyroGenesis Canada moves closer to joining the Nasdaq Stock Exchange
“On behalf of the Board, it gives me great pleasure to welcome Mr Naccarato as its newest independent director,” said CEO P Peter Pascali in a statement Wednesday.
“Mr Naccarato brings to the Board an impressive set of financial and accounting skills, combined with an extensive background in environmental services. He also has broad experience as an executive in a publicly traded company. We are looking forward to having Mr. Naccarato add his expertise to that of the Board’s during this exciting time in the company's evolution, and we look forward to his contribution to the company’s next stage of growth.”
The appointment of Naccarato remains subject to regulatory and exchange approval.
Separately, the company announced that it has entered into a lease agreement for an additional 31,632 square feet, which will almost double its existing manufacturing footprint in Montreal.
PyroGenesis is a high-tech company that designs, develops, manufactures, and commercializes plasma atomized metal powder, plasma waste-to-energy systems, and plasma torch products.
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