Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said it has appointed Craig Cunningham as its chief financial officer effective from June 8, 2022.
Before joining Electra, Cunningham was Vice President and Regional Financial Officer at Kinross Gold, overseeing finance, information technology, supply chain and logistics, and administration functions in Russia. Previously, he served in controller, risk management, and audit roles at Kik Custom Products, Loblaw Companies, and PricewaterhouseCoopers, the company said.
"Craig is a welcome addition to the Electra senior leadership team, bringing executive-level leadership and more than 17 years of accounting, finance, operational, and capital markets experience," Trent Mell, CEO of Electra Battery Materials said in a statement. "We look forward to his many contributions as we execute on our strategy of becoming North America's first integrated battery materials park."
READ: Electra Battery Materials pledges to adopt comprehensive slate of ESG policies
Cunningham is a Chartered Professional Accountant and a graduate of the Ivey Business School, Western University and the Goodman School of Business, Brock University.
"The adoption of electric vehicles will have a profound impact in tackling climate change and reducing carbon emissions globally," said Cunningham. "I am excited to be joining Electra, a company at the forefront of developing a secure and low-carbon supply chain of battery materials for the EV industry in North America, and where I can best utilize my strategic, entrepreneurial, and business skills and experience."
Electra said it has granted Cunningham incentive stock options to purchase an aggregate of 40,000 common shares of the company exercisable at the previous day's closing price of $4.90 for a period of five years.
Electra's core strategy is to produce low carbon, ethically sourced battery materials for the North American electric vehicle supply chain.
Contact the author at jon.hopkins@proactiveinvestors.com