Business
DeepGreen / The Metals Company to Nominate Six Directors to Its Board and Appoint CFO in Connection with Sustainable Opportunities Acquisition Corp.’s Proposed Business Combination
Combined company will be renamed “TMC The Metals Company Inc.” and will be led by Gerard Barron as Chairman and Chief Executive Officer, with Craig Shesky as Ch
About this update from Tmc The Metals Company Inc.
[{"type":"text","content":" Combined company will be renamed “TMC The Metals Company Inc.” and will be led by Gerard Barron as Chairman and Chief Executive Officer, with Craig Shesky as Chief Financial Officer Board nominees advance Combined Company’s plans to become the world’s largest developer of EV battery metals Director nominees bring diverse and strong experience in clean energy and resource projects, sustainability, finance and public policy at a time of growth for the company VANCOUVER, British Columbia--(BUSINESS WIRE)--In connection with the proposed business combination announced on March 4, 2021 of DeepGreen Metals Inc. and Sustainable Opportunities Acquisition Corporation (NYSE: SOAC), the combined entity will be renamed “TMC the metals company Inc.” (the Combined Company) at the closing of the business combination and will be led by Gerard Barron as Chairman and CEO, with Craig Shesky assuming the role of Chief Financial Officer. Following the completion of the transaction, expected to close in July 2021, the Combined Company (The Metals Company) is expected to begin trading on the Nasdaq Global Select Market under the ticker symbol TMC. Director Designees Bring Diversity and Experience to the Board at Key Transitional Period The Board of The Metals Company is expected to be comprised of nine directors including Gerard Barron, current CEO of DeepGreen, and Scott Leonard, current CEO of SOAC. The following Directors were selected with the intention of bringing critical skill sets and diversity to the Board of the Combined Company. Andrew Hall is the nominated Lead Director and has decades of financial and operational experience in renewable energy technologies and services. He has held several senior executive roles within Siemens AG, most recently as Group CFO of Siemens Gamesa Renewable Energy SA, Spain and Executive Director and CFO of Siemens Wind Power & Renewable Energy Division. Mr. Hall is a Board Member and advisor to a private equity firm and Windhoist, a leading wind turbine installation contractor, in addition to serving as a non-executive independent director of Hero Future Energy Global Limited, a global developer and renewable energy Independent Power Producer. Sheila Khama is a consultant and a non-executive director of Tullow Oil plc, a FTSE 250 company. Ms. Khama is the former CEO of De Beers Botswan...