Business
PureCycle Appoints Jeff Fieler as Interim CFO
ORLANDO, FL / ACCESSWIRE / December 1, 2023 / PureCycle Technologies, Inc. (Nasdaq:PCT), today, announced Jeff Fieler will take over as the Company's interim
About this update from Purecycle Technologies, Inc.
[{"type":"text","content":"ORLANDO, FL / ACCESSWIRE / December 1, 2023 / PureCycle Technologies, Inc. (Nasdaq:PCT), today, announced Jeff Fieler will take over as the Company's interim Chief Financial Officer, following the resignation of Larry Somma. A search for Somma's permanent replacement is underway.PureCycle CEO Dustin Olson said, \"We're fortunate to have longtime board member Jeff Fieler step in as interim CFO. Jeff has a deep understanding of both the industry and PureCycle's business growth strategy. He'll be a great fit as our company transitions to commercial operations.\"Fieler has served as an independent member of the PureCycle Board of Directors since March 2021. He is currently a Senior Advisor of Sylebra Capital Management and has more than 20 years of experience in the financial industry.Olson added, \"Larry Somma played a critical role in helping PureCycle get to where we are today, on the verge of commencing commercial operations. His contributions have been invaluable and we wish him success in his next endeavor.\"CONTACT:PureCycle Contact Christian Bruey [email protected]+1 (352) 745-6120About PureCycle TechnologiesPureCycle Technologies LLC., a subsidiary of PureCycle Technologies, Inc., holds a global license for the only patented solvent-driven purification recycling technology, developed by The Procter & Gamble Company (P&G), that is designed to transform polypropylene plastic waste (designated as No. 5 plastic) into a continuously renewable resource. The unique purification process removes color, odor, and other impurities from No. 5 plastic waste resulting in an ultra-pure recycled (UPR) plastic that can be recycled and reused multiple times, changing our relationship with plastic.Visit www.purecycle.com.Forward-Looking StatementsThis press release contains forward-looking statements, including statements about the outcome of any legal proceedings to which PureCycle is, or may become a party, and the financial condition, results of operations, earnings outlook and prospects of PureCycle. Forward-looking statements generally relate to future events or PureCycle's future financial or operating performance and may refer to projections and forecasts. Forward-looking statements are often identified by future or conditional words such as \"plan,\" \"believe,\" \"expect,\" \"anticipate,\" \"intend,\" \"outlook,\" \"estimate,\" \"...