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Westwater Resources Expands Executive Management Team
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Westwater Resources, Inc. (NYSE American: WWR) has appointed Jon Jacobs as its new Chief Commercial Officer, effective March 6, 2023. Jacobs has over 20 years of experience in technical sales and strategic commercial roles, including his recent position as Chief Marketing Officer at Solid Power. He will manage customer relationships as the company prepares to commission its Kellyton graphite processing plant in Alabama. Jacobs has been granted 82,474 restricted stock units as part of his employment package, vesting over two years.
Westwater is focused on developing battery-grade natural graphite and is primarily working on its Coosa graphite deposit.
Positive
Jon Jacobs brings over 20 years of experience in technical sales and commercial strategy.
Jacobs previously held significant roles, including Chief Marketing Officer at Solid Power.
The appointment strengthens Westwater's management team as they prepare to commission the Kellyton graphite processing plant.
The company awarded Jacobs 82,474 restricted stock units, aligning his interests with shareholders.
Negative
None.
Jon Jacobs Hired as Chief Commercial Officer
CENTENNIAL, Colo.--(BUSINESS WIRE)--
Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite development company, today announced that Jon Jacobs has been hired as the Company’s Chief Commercial Officer effective March 6, 2023.
Mr. Jacobs is an accomplished executive with over 20 years of technical sales and strategic commercial experience. Prior to joining Westwater, Mr. Jacobs was the Chief Marketing Officer for Solid Power from October 2021 through February 2022, and the Vice President of Business Development for Wildcat Discovery Technologies from November 2009 until October 2021. Earlier in his career, he served in sales and marketing roles for Materials Science Corporation and The Solutions Group. Mr. Jacobs began his professional career as a project engineer for General Motors Corp. and then as a product design engineer for Ford Motor Co. Mr. Jacobs obtained his Master of Business Administration in Corporate Strategy and Finance from the University of Michigan, his Master of Science in Mechanical Engineering from Purdue University, and his Bachelor of Science in Mechanical Engineering from the University of Michigan.
Frank Bakker, Westwater President & Chief Executive Officer, stated, “Jon is an experienced executive with a proven track record in the sale of battery materials for electric vehicles. He will be an excellent addition to our management team. Mr. Jacobs will be responsible for managing our relationships with customers as we continue with construction and begin commissioning of our Kellyton graphite processing plant in Alabama later this year.”
On March 1, 2023, the Compensation Committee of the Westwater Board of Directors granted an inducement award to Mr. Jacobs pursuant to NYSE American Company Guide Section 711. As an inducement to secure his employment, Mr. Jacobs was awarded 82,474 restricted stock units of the Company’s common stock, which will vest equally over two years and subject to terms and conditions of the Westwater Employment Inducement Incentive Award Plan.
About Westwater Resources, Inc.
Westwater Resources, Inc. (NYSE American: WWR), an energy technology company, is focused on developing battery-grade natural graphite. The Company’s primary project is the Kellyton graphite processing plant that is under construction in east-central Alabama. In addition, the Company’s Coosa graphite deposit is the most advanced natural flake graphite deposit in the contiguous United States and located across 41,965 acres (~17,000 hectares) in Coosa County, Alabama. For more information, visit www.westwaterresources.net.
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of the Company; accordingly, there can be no assurance that such suggested results will be realized.
What is the significance of Jon Jacobs' appointment at Westwater Resources?
Jon Jacobs' appointment as Chief Commercial Officer is significant as he brings extensive experience in technical sales and strategic commercial roles, which is crucial for managing customer relationships at Westwater as it approaches the commissioning of its Kellyton graphite processing plant.
When did Jon Jacobs start his role at Westwater Resources?
Jon Jacobs started his role as Chief Commercial Officer at Westwater Resources on March 6, 2023.
What stock award did Jon Jacobs receive upon joining Westwater Resources?
Upon joining Westwater Resources, Jon Jacobs was awarded 82,474 restricted stock units, which will vest equally over a period of two years.
What projects is Westwater Resources currently focusing on?
Westwater Resources is currently focused on developing its Kellyton graphite processing plant in Alabama and the Coosa graphite deposit, which is the most advanced natural flake graphite deposit in the contiguous United States.
What is Westwater Resources' stock symbol?
Westwater Resources is traded under the stock symbol WWR on the NYSE American.
