Electrovaya Appoints John Gibson as its Chief Financial Officer

Rhea-AI Summary

Electrovaya Inc. has appointed John Gibson as its new Chief Financial Officer, effective June 13, 2022, following the departure of Richard Halka. Gibson, a CPA with over 15 years of experience in finance, will report to CEO Dr. Raj DasGupta. His background includes leadership roles in manufacturing and finance, promising to enhance strategic planning and internal controls. Electrovaya focuses on developing safe, long-lasting lithium-ion batteries to support global decarbonization efforts. The company aims to expand its market presence under Gibson's leadership.

Positive

• John Gibson brings over 15 years of finance experience and a strong background in corporate accounting.
• His appointment is expected to strengthen strategic planning and internal controls within the company.
• Gibson's leadership is anticipated to help expand Electrovaya's market reach and contribute to its growth in renewable energy.

Negative

• The departure of Richard Halka may create short-term continuity concerns during the transition.

TORONTO, ON / ACCESSWIRE / June 14, 2022 / Electrovaya Inc. (TSX:EFL;OTCQB:EFLVF), a lithium-ion battery manufacturer with differentiated intellectual property that allows heightened safety and improved longevity, announces the appointment of John Gibson, as the Chief Financial Officer, of Electrovaya effective as of June 13th, 2022. Mr. Gibson will report to Electrovaya's Chief Executive Officer, Dr. Raj DasGupta

Mr. Gibson is a Certified Professional Accountant ("CPA, CA") with over 15 years of experience in public and private corporations and brings significant experience in corporate accounting and finance, strategic and financial planning, internal controls, and systems. Previously he served as VP Finance at Adlib Software and has held leadership roles in manufacturing for the last 10 years. Mr. Gibson received his undergraduate degree in accounting from Strathclyde University and his Master's degree in Information Technology and Business from Glasgow University.

The Company would like to thank departing CFO and EVP, Richard Halka for his years of service and wishes him the best in his future pursuits.

Commenting on his appointment, John Gibson said: "Joining Electrovaya at this key moment for the Energy Transition is an honour. I'm excited to get started with the team. We have great clients, partners, leadership, and a great product. I'm looking forward to helping expand our reach in the market and grow the business into a global leader in renewable energy."

"Electrovaya's technologies are well placed to contribute to global decarbonization efforts. We are excited to have John with us as we move the company forward at this important time in the company's trajectory." said Dr. Raj DasGupta, CEO of Electrovaya.

About Electrovaya Inc.

Electrovaya Inc. (TSX:EFL) (OTCQB:EFLVF) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying the safest and longest-lasting lithium-ion batteries. Electrovaya, a technology-focused company with extensive IP, designs, develops and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com.

For more information, please contact:

Investor and Media Contact:
Jason Roy
Director, Investor Relations & Communication
Electrovaya Inc. / 905-855-4618 / jroy@electrovaya.com / www.electrovaya.com

SOURCE: Electrovaya, Inc.

View source version on accesswire.com:
https://www.accesswire.com/704960/Electrovaya-Appoints-John-Gibson-as-its-Chief-Financial-Officer

FAQ

Who is the new Chief Financial Officer of Electrovaya?

John Gibson has been appointed as the new Chief Financial Officer of Electrovaya, effective June 13, 2022.

What experience does John Gibson bring to Electrovaya?

John Gibson is a CPA with over 15 years of experience in finance, including leadership roles in manufacturing and corporate accounting.

What is the significance of John Gibson's appointment for Electrovaya?

His appointment is expected to enhance Electrovaya's strategic planning and help expand its market reach in the renewable energy sector.

What was the reason for Richard Halka's departure from Electrovaya?

The press release did not specify the reasons for Richard Halka's departure, but it expressed gratitude for his years of service.

How does Electrovaya plan to contribute to global decarbonization?

Electrovaya aims to contribute to global decarbonization by supplying safe and long-lasting lithium-ion batteries.