Loop Industries announced significant senior leadership changes as it transitions into the next phase of its strategic development and technology commercialization. Adel Essadam, previously Vice President of Science and Technology, has been promoted to Chief Operating Officer, recognizing his leadership in joint ventures and technology licensing.
Giovanni Catino, Vice President of Sales, has been appointed Chief Revenue Officer, reflecting his leadership in developing Loop's sales strategy with global apparel and food and beverage customers. Both Essadam and Catino will serve on the board of Loop's India JV with Ester Industries.
Additionally, Fady Mansour, CFO, will depart Loop with immediate effect. Nicolas Lafond, Senior Director of Finance and Corporate Secretary, will assume the role of Interim CFO. Mr. Lafond has a strong background in the company's financial reporting and regulatory disclosure, having served as Interim CFO previously and as Director of Finance since 2020.
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