Largo Promotes David Harris to Chief Financial Officer

Rhea-AI Summary

Largo has promoted David Harris to Chief Financial Officer (CFO). Harris, who has been with Largo since 2015 as Corporate Controller, brings nearly a decade of experience in that role.

This move ensures continuity in Largo's management and supports the company's operational and cost-controlling goals to enhance shareholder value. Harris succeeds Ernest Cleave, who has resigned from the company.

Chairman Alberto Arias expressed gratitude for Cleave's service and enthusiasm for Harris's new role.

Positive

• David Harris's promotion ensures continuity in management.
• Harris has nearly a decade of relevant experience.
• The promotion supports Largo's focus on operational objectives and cost control.

Negative

• Ernest Cleave's resignation may raise concerns about leadership stability.

TORONTO--(BUSINESS WIRE)-- Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) is pleased to announce the promotion of David Harris, CPA, CA, FCA (UK), to Chief Financial Officer (“CFO”), subject to execution of definitive agreements, who has served as Corporate Controller of Largo since 2015. Mr. Harris has almost a decade of experience in his role of Corporate Controller and support to the CFO. This internal promotion provides continuity to Largo’s management organization and allows the Company to remain focused on its operational objectives and cost controlling measures to enhance shareholder value.

Mr. Harris succeeds Mr. Ernest Cleave who resigned from the Company. “We want to thank Ernest for his many years of service,” said Chairman Alberto Arias, “and we are excited with David Harris’ well deserved promotion to the CFO role and look forward to his contribution to Largo in his new capacity.”

About Largo

Largo is a globally recognized vanadium company known for its high-quality VPURE™ and VPURE+™ products, sourced from its Maracás Menchen Mine in Brazil. The Company is currently focused on ramping up production of its ilmenite concentrate plant and is undertaking a strategic evaluation of its U.S.-based clean energy business, including its advanced VCHARGE vanadium battery technology to maximize the value of the organization. Largo's strategic business plan centers on maintaining its position as a leading vanadium supplier with a growth strategy to support a low-carbon future.

Largo’s common shares trade on the Nasdaq Stock Market and on the Toronto Stock Exchange under the symbol "LGO". For more information on the Company, please visit www.largoinc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240627619030/en/

For further information:

Investor Relations

Alex Guthrie

Senior Manager, External Relations

+1.416.861.9778

aguthrie@largoinc.com

Source: Largo Inc.

FAQ

Who is the new CFO of Largo?

David Harris has been promoted to Chief Financial Officer of Largo.

When was David Harris promoted to CFO at Largo?

David Harris's promotion to CFO was announced recently, subject to definitive agreements.

What is the experience of Largo's new CFO?

David Harris has nearly a decade of experience as Corporate Controller, supporting the CFO.

What is the stock symbol of Largo?

Largo's stock symbol is LGO.

Who did David Harris replace as CFO of Largo?

David Harris replaced Ernest Cleave as CFO of Largo.