Business
Avalon Appoints Lorin Crenshaw as Chief Financial Officer
Toronto, Ontario--(Newsfile Corp. - August 21, 2025) - Avalon Advanced Materials Inc. (TSX: AVL...
About this update from Avalon Advanced Materials Inc.
[{"type":"text","content":"Avalon Appoints Lorin Crenshaw as Chief Financial OfficerToronto, Ontario--(Newsfile Corp. - August 21, 2025) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) (\"Avalon\" or the \"Company\"), a Canadian critical minerals company advancing the supply of materials essential for Canada's future, today announced the appointment of Mr. Lorin Crenshaw as Chief Financial Officer as part of senior management changes aimed at accelerating its value creation strategy.Mr. Crenshaw brings 28 years of diversified financial experience, with expertise in capital markets, investor relations, and strategic leadership in the lithium and broader critical minerals industry. He most recently served as CFO of Compass Minerals International, Inc., a leading global provider of essential minerals, and previously as CFO of Orion S.A., a global supplier of specialty and high-performance carbon black. Earlier in his career, Mr. Crenshaw held senior financial roles at Albemarle Corporation, including as CFO of its global lithium business, treasurer and head of investor relations. Before his time at Albemarle, Crenshaw spent over 10 years as an equity and debt investor, respectively, at Citigroup Asset Management and Prudential Capital Group. Mr. Crenshaw earned a Bachelor of Science in Business Administration from Florida A&M University and a Master of Business Administration from Columbia University.\"Avalon is at an important strategic inflection point in its journey,\" said Scott Monteith, President and CEO. \"Lorin's extensive financial and capital markets experience – including leadership roles in the critical minerals industry – makes him a key Ambassador in our efforts to build North America's energy and defence supply chains and create shareholder value.\" \"Avalon holds highly strategic rare earth and lithium assets that uniquely position it to support North America's supply chain independence by enabling reliable sources of critical minerals,\" said Mr. Crenshaw. \"I am excited to partner with the leadership team to execute and unlock the full value of these assets for shareholders.\"Lorin succeeds Avalon's long-time CFO, Jim Andersen, who will be retiring from the Company in September 2025. Mr. Andersen has held positions of increasing responsibility at Avalon since he originally started working for the company in 1996...