Li-Cycle Holdings Corp. (LICY) has released an update.
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Li-Cycle Holdings Corp., a leader in lithium-ion battery resource recovery, is restructuring from a regional to a centralized management model to bolster efficiencies and save an estimated $10 million annually. The shift accompanies leadership adjustments, with Tim Johnston moving to interim non-executive Board Chair and Conor Spollen taking over as Chief Operating Officer, overseeing global operations and the Rochester Hub project. The changes are part of a broader Cash Preservation Plan and strategic evaluation to align with the company’s refocused priorities.
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