Li-Cycle Provides Organizational Structure Update - Seite 2

Dawei Li, who has been with Li-Cycle since July 2021, has assumed the new role of Chief Commercial Officer (CCO). In his new role, Mr. Li will lead Li-Cycle’s global commercial function and consolidate the global team’s strategy and approach to continue building strong partnerships with key battery market players. He previously led Li-Cycle’s Asia-Pacific region and brings 20 years of experience in strategy and business development and leading growth in untapped markets to drive robust performance. Previous to Li-Cycle, Mr. Li served as Global Business Director for lithium carbonate at Albemarle Corporation.

With the changes to the centralized and reduced size of the organization, Debbie Simpson, Chief Financial Officer, will be leaving the Company to pursue new opportunities. Since joining the Company in December 2021, Ms. Simpson has made a significant contribution to Li-Cycle through her executive leadership in financial management and strategic initiatives. She has helped lead the strategic funding roadmap for the Company and built a finance function to support the Company’s focus on fiscal responsibility and strong governance. Ms. Simpson will continue to support the team until May 31, 2024, to ensure a smooth transition.

The Company is pleased to announce that Craig Cunningham has joined Li-Cycle as its interim Chief Financial Officer, effective immediately. Mr. Cunningham has an extensive background in executive level leadership and brings more than 17 years of accounting, finance, operational, and capital markets experience. Most recently, he was Chief Financial Officer at Electra Battery Materials and prior to that served as Vice President and Regional Financial Officer at Kinross Gold.

With the change to a centralized organization model, Richard Storrie will cease serving as the Company’s Regional President, Europe, Middle East and Africa (EMEA) to pursue other opportunities. Mr. Storrie has provided strong leadership for the Company in both the EMEA and North America regions and has made significant contributions to Li-Cycle’s operations, commercial activities, and execution of its growth strategy. He will continue in an advisory role until May 31, 2024, to support the transition.

“We would like to extend our sincere thanks to Ms. Simpson and Mr. Storrie for their dedication and valuable contributions to the Company. We wish them the very best in their future endeavors,” said Mr. Kochhar. “We are also excited to welcome Mr. Spollen, Mr. Li and Mr. Cunningham to their new roles. We believe their leadership, expertise and experience will be key to Li-Cycle’s future success.”