Meta Materials Appoints Seasoned Executive, Jim Fusaro, as New CEO to Drive Next Stage of Growth

HALIFAX, NS / ACCESSWIRE / October 17, 2023 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced that its Board of Directors has appointed Mr. Jim Fusaro as Chief Executive Officer, effective immediately. George Palikaras has been removed as President and CEO and is no longer with the Company.

Mr. Fusaro is a business leader with 35 years of experience in solar, semiconductor, advanced materials, and aerospace. He brings significant experience and success leading large change management initiatives and developing and implementing strategies to transform businesses and to drive value.

"On behalf of the Board of Directors, it is my pleasure to welcome Jim Fusaro as CEO of Meta Materials. He brings a wealth of leadership experience and a proven track record of driving high revenue growth. In his new role, Jim will be responsible for overseeing the strategic direction of the company and accelerating its commercial production," said Jack Harding, Chair of the META Board. "We are grateful for George's hard work, dedication, and valuable contributions during his tenure. His leadership has been instrumental in laying the foundation, and the board wishes him all the best in his future endeavors."

Mr. Fusaro has led a number of large-scale global businesses, including serving as CEO of Array Technologies, Inc. from 2018 to 2022. During his tenure with Array, he led a return to growth and profitability, took the company public in 2020 in the largest solar IPO of that year, raised substantial additional capital, and acquired STI Norland in 2022, making Array a global leader in utility scale solar trackers.

"I am honored to join Meta Materials and I am excited about the opportunities that lie ahead," said Jim Fusaro, META's new CEO. "META has strong talent, a broad nano technology platform and an impressive IP portfolio. I look forward to building on this foundation and leading the company at this pivotal stage of growth."

Prior to joining Meta Materials, Mr. Fusaro held leadership positions at Nanostone Water, Avnet, Honeywell, and Amkor Technology. He served as CEO of Nanostone Water and while at Avnet he was the SVP of IOT Business. During his time with Honeywell he served as President, Advanced Materials, Vice President Honeywell Operating System, and Vice President & GM, Mechanical Subsystems. At Amkor, Mr. Fusaro was Executive Vice President, Assembly & Test Business, and served in several other global management roles.