On December 11, 2025, PowerBank Corporation held its 2025 Annual General Meeting in Toronto, Ontario, and elected a new slate of directors. The election was approved unanimously, with each nominee receiving more than 99% of the votes cast.
The newly elected directors are Dr. Richard Lu, Matthew Wayrynen, Paul Pasalic, Paul Sparkes, and Chelsea Nickles. Their combined expertise spans renewable energy development, battery technology, and commercial power solutions, aligning closely with PowerBank’s strategy to broaden its clean‑energy portfolio beyond solar into battery storage, electric‑vehicle charging, and data‑center power services.
The meeting also confirmed Deloitte LLP as the company’s auditors for the coming fiscal year, reinforcing PowerBank’s commitment to robust financial oversight and governance standards.
PowerBank’s board election comes at a pivotal moment as the company expands its project pipeline beyond 1 GW of renewable capacity and completes over 100 MW of projects. The rebranding from SolarBank to PowerBank signals a strategic pivot toward a diversified clean‑energy model that includes high‑growth segments such as battery storage and data‑center power, sectors that are increasingly supported by policy incentives and rising demand for reliable, low‑carbon energy.
The unanimous approval of the nominees reflects strong shareholder confidence in the current leadership and its vision. The new board will guide PowerBank through its next phase of expansion, overseeing the execution of its multi‑segment strategy and ensuring continued alignment with investor expectations.
While the AGM itself does not report financial results, the governance change is material because it establishes the leadership framework that will drive future capital allocation, strategic partnerships, and operational execution across PowerBank’s growing portfolio.
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