Lithium-ion battery recycling firm American Battery Metals Corporation has announced that its company chief technology officer (CTO) Ryan Melsert will become its new CEO.
The appointment comes as the company prioritises technology development and commercialisation efforts, and aims to position itself for long-term growth.
Doug Cole is the outgoing CEO of the firm.
Melsert and Cole have been working closely over the past two years to set the direction of the company and to help it evolve, with Melsert leading the recruiting and hiring of company executives.
Melsert said the company was in the process of reprioritising its resources to focus on the commercialisation of its in-house developed technologies within the lithium-ion battery recycling and primary battery metals fields.
Long-time founder-stage board members Cole, Douglas MacLellan, and William Hunter are also planning not to seek re-election at the annual board of directors meeting.
The board intends to assemble a search committee to qualify and nominate director candidates to be presented for shareholder vote during the annual meeting.