Loop Industries Announces Leadership Changes Amid Strategic Expansion

Loop Industries, a clean technology company based in Montréal, has revealed significant changes to its senior leadership team, marking a new phase in its strategic development. Adel Essadam, previously Vice President of Science and Technology, has been appointed Chief Operating Officer. Renowned for his expertise in plastic chemical recycling, Essadam has played a crucial role in Loop's joint ventures, including those with Reed Societe Generale Group and Ester Industries.

Additionally, Giovanni Catino, formerly Vice President of Sales, will now serve as Chief Revenue Officer. His primary focus will include expanding global supply chains and product offerings. Meanwhile, Fady Mansour, the outgoing CFO, is succeeded by Nicolas Lafond as Interim CFO, who has been instrumental in the company's financial reporting.

Lastly, Spencer Hart joins Loop’s Board of Directors, bringing extensive investment banking experience to the table. These leadership appointments are key as Loop advances its technological commercialization efforts.