TORONTO, July 22,
2024 /CNW/ - Neo Performance Materials Inc.
("Neo" or the "Company") (TSX: NEO) announced today
that it has appointed Dr. John
McGarva to its Board of Directors (the "Board") as an
independent director, and to the Audit Committee of the Board,
effective immediately. The Company also announces that Yadin Rozov has determined to step down from the
Board as of today's date.
Dr. McGarva is a seasoned leader in product development and
manufacturing, with experience spanning healthcare, industrial, and
consumer electronics industries. His extensive international
experience includes leadership roles across Europe, Southeast
Asia, and China. Dr.
McGarva recently retired as Head of Engineering at Dyson, where he
led the design engineering of the company's entire haircare product
line, guiding teams in Singapore,
the Philippines, and the UK.
Under his leadership, Dyson's haircare business evolved from a
single product to a significant business unit. A key element of
Dyson haircare products is the integration of permanent magnets and
this expertise positions Dr. McGarva to offer customer insights and
strategic direction to Neo.
Prior to his tenure at Dyson, he held several high-profile
leadership roles in technology and innovation companies,
specializing in design, engineering, and manufacturing. Dr.
McGarva's knowledge and practical experience of product development
and manufacturing will be an exceptional asset to the Board.
"On behalf of the Board of Directors, I would like to thank
Yadin for his contributions to the Board and the Audit and
Corporate Governance & Nominating Committees over the last
number of years. He has provided valuable insight and
leadership, which is appreciated by both the Board and management.
We wish Yadin success in his future endeavours. I am happy to
welcome Dr. McGarva to the Board. John brings significant
experience leading global engineering and technology initiatives
and we look forward to his contributions to the work of the Board,"
said Claire Kennedy, Chair of the
Neo Board.
Cautionary Statements Regarding Forward Looking
Statements
This news release may contain "forward-looking information"
within the meaning of applicable Canadian securities legislation.
Generally, but not always, forward-looking information and
statements can be identified by the use of words such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "believes" or the
negative connotation thereof or variations of such words and
phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved" or the negative connotation thereof. In making the
forward-looking information in this news release, the Company has
applied certain factors and assumptions that are based on its
current beliefs as well as assumptions made by and information
currently available to the Company. Although the Company considers
these assumptions to be reasonable based on information currently
available to it, they may prove to be incorrect, and the
forward-looking information in this release are subject to numerous
risks, uncertainties and other factors that may cause future
results to differ materially from those expressed or implied in
such forward-looking information.
Readers are cautioned not to place undue reliance on
forward-looking information. The Company does not intend, and
expressly disclaims any intention or obligation to, update or
revise any forward-looking information whether as a result of new
information, future events or otherwise, except as required by law.
For more information on Neo, investors should review Neo's
continuous disclosure filings that are available under Neo's
profile at www.sedarplus.ca.
About Neo Performance Materials
Neo manufactures the building blocks of many modern technologies
that enhance efficiency and sustainability. Neo's advanced
industrial materials - magnetic powders and magnets, specialty
chemicals, metals, and alloys - are critical to the performance of
many everyday products and emerging technologies. Neo's products
help to deliver the technologies of tomorrow to consumers
today. The business of Neo is organized along three segments:
Magnequench, Chemicals & Oxides and Rare Metals. Neo is
headquartered in Toronto, Ontario,
Canada; with corporate offices in Greenwood Village, Colorado, United States; Singapore; and Beijing, China. Neo has a global platform that
includes 10 manufacturing facilities located in China, the United
States, Germany,
Canada, Estonia, Thailand and the United Kingdom, as well as one dedicated
research and development centre in Singapore. For more
information, please visit www.neomaterials.com.
SOURCE Neo Performance Materials, Inc.
