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Origin Materials Announces Transition to Single CEO Leadership Structure Under John Bissell

Origin Materials Announces Transition to Single CEO Leadership Structure Under John Bissell

Origin材料公司宣布过渡至由约翰·比塞尔担任首席执行官的单一领导结构
Origin Materials ·  12/17 05:00
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— Co-Founder and Co-CEO John Bissell to Serve as Origin's Chief Executive Officer —

— 联合创始人兼联合首席执行官约翰·比塞尔将担任Origin的首席执行官 —

— Rich Riley to Step Down as Co-CEO and from Board, Hold Advisory Role Through End of 2025 —

— 瑞奇·赖利将辞去联合首席执行官职位并退出董事会,直至2025年底担任顾问角色 —

WEST SACRAMENTO, Calif.--(BUSINESS WIRE)--Dec. 17, 2024--Origin Materials ("Origin") (NASDAQ: ORGN, ORGNW), a technology company with a mission to enable the world's transition to sustainable materials, today announced that Origin Co-Founder and Co-CEO John Bissell will serve as Chief Executive Officer, effective December 31. Rich Riley will step down from his role as Co-CEO and from the Origin Board, effective December 31, and will remain at the Company in an advisory role through the end of 2025 to ensure a smooth and successful transition. Effective December 31, Origin CFO Matt Plavan will take on the additional role of Chief Operating Officer.

加利福尼亚州西萨克拉门托--(商业通讯)--2024年12月17日--Origin Materials("Origin")(纳斯达克:ORGN,ORGNW),是一家致力于推动全球向可持续材料转型的科技公司,今天宣布Origin联合创始人兼联合首席执行官约翰·比塞尔将于12月31日起担任首席执行官。瑞奇·赖利将于12月31日起辞去联合首席执行官职务并退出Origin董事会,并将在公司担任顾问角色,直至2025年底,以确保平稳顺利的过渡。自12月31日起,Origin首席财务官马特·普拉凡将担任首席运营官的额外职务。

"I want to thank Rich for his valuable contributions to Origin these past four years," said Bissell. "During Rich's tenure, Origin became a publicly listed company, and he was instrumental in positioning Origin for our next phase of growth. We believe now is the right time to transition to a single CEO structure, which will enable quick and nimble operations as we expand our manufacturing activities in 2025. We look forward to a smooth and orderly transition ahead."

比塞尔说:“我想感谢瑞奇在过去四年中对Origin的宝贵贡献。”他指出:“在瑞奇任职期间,Origin成为一家上市公司,他在为我们下一阶段增长奠定基础方面发挥了重要作用。我们认为现在是转向单一首席执行官结构的正确时机,这将使我们在2025年扩展制造活动时能够快速灵活地运营。我们期待着前方的顺利和有序过渡。”

Riley, who joined Origin as Co-CEO in 2020, helped steer the company's commercial efforts and go-to-market strategy. Riley has been an advisor to and investor in Origin since 2010.

赖利于2020年加入Origin担任联合首席执行官,帮助指导公司的商业努力和市场战略。自2010年以来,赖利一直是Origin的顾问和投资者。

"I am extremely proud to have served Origin partners and shareholders during my time at the company alongside John and our amazing team," said Riley. "We created a strong foundation together and, with our PET caps and closures business now positioned for rapid and sustained growth, I believe Origin has a bright future ahead."

赖利说:“我为能够在公司与约翰和我们优秀团队一起服务于Origin的合作伙伴和股东感到非常自豪。”他表示:“我们共同建立了一个强大的基础,随着我们的PEt瓶盖和瓶塞业务现在已具备快速和持续增长的能力,我相信Origin拥有辉煌的未来。”

"On behalf of the Board, I would like to thank Rich for his contributions to Origin," said Board Chair R. Tony Tripeny. "Looking ahead to Origin's future, we are excited for John, Matt and the leadership team to continue driving the company forward to unlock tremendous value our for shareholders and the world as we commercialize our PET closures business."

董事会主席R·托尼·特里佩尼表示:“我代表董事会感谢瑞奇对Origin的贡献。”他补充道:“展望Origin的未来,我们对约翰、马特和领导团队继续推动公司向前发展以为我们的股东和全球释放巨大价值感到兴奋,同时我们也在商业化我们的PEt瓶塞业务。”

Bissell added: "Matt has strong manufacturing leadership experience and a demonstrated record of successfully managing both corporate finance and operations functions, having previously served as COO/CFO of a publicly held medical device company. As we enter our commercial production ramp-up phase, this is the perfect time for us to deploy Matt's operational horsepower as Origin's COO/CFO."

比塞尔补充道:"马特具有强大的制造业领导经验,并且在成功管理公司财务和运营职能方面具有良好的记录,曾担任一家上市器械公司的首席运营官/首席财务官。在我们进入商业生产扩张阶段之际,现在是部署马特作为Origin的首席运营官/首席财务官的最佳时机。"

About Origin Materials
Origin is a technology company with a mission to enable the world's transition to sustainable materials. Our innovations include PET caps and closures that bring recycling circularity and enhanced performance to a ~$65 billion market, specialty materials, and our patented biomass conversion platform that transforms carbon into sustainable materials for a wide range of end products. For more information, visit .

关于Origin材料
Origin是一家科技公司,致力于推动全球向可持续材料的过渡。我们的创新包括PET瓶盖和封闭装置,为约650亿市场带来回收循环性和增强性能,特种材料,以及我们专利的生物质转化平台,将碳转化为可持续材料,适用于广泛的最终产品。如需更多信息,请访问。

Cautionary Note on Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "project," "potential," "seem," "seek," "target," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Origin's business strategy, rapid and sustained growth of Origin's PET caps and closures business, timing of expansion of manufacturing activities, and ability to transition smoothly to a single CEO structure. The forward-looking statements are based on various assumptions, whether or not identified in this press release, and on the current plans, objectives, estimates, expectations, and intentions of the management of Origin and are not predictions of actual performance and inherently involve significant risks and uncertainties. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Origin. These forward-looking statements are subject to a number of risks and uncertainties including, but not limited to, the fact that Origin Materials may be unable to successfully commercialize its products; the effects of competition on Origin Materials' business; the uncertainty of the projected financial information with respect to Origin; disruptions and other impacts to Origin's business. Other factors that could adversely affect the transactions described above and the Company's operations include those discussed in the Company's Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (SEC) on November 14, 2024 under the heading "Risk Factors," and other documents Origin has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Origin Materials presently does not know, or that Origin currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law.

关于前瞻性声明的警示说明
本新闻稿包含根据联邦证券法定义的某些前瞻性陈述。前瞻性陈述通常伴随有 "相信"、"可能"、"将"、"估计"、"继续"、"预期"、"打算"、"期待"、"应该"、"会"、"计划"、"预测"、"项目"、"潜在"、"似乎"、"寻求"、"目标"、"未来"、"前景"等词汇,这些词汇预测或指示未来事件或趋势,或者不是历史事项的陈述。这些前瞻性陈述包括但不限于关于Origin的业务策略、Origin的PEt盖和封闭业务的快速和持续增长、制造活动扩展的时间以及顺利过渡到单一首席执行官结构的能力。这些前瞻性陈述基于各种假设,无论是否在本新闻稿中指定,以及Origin管理层的当前计划、目标、估计、预期和意图,并不是对实际业绩的预测,固有地涉及重大风险和不确定性。这些前瞻性陈述仅用于说明目的,不打算作为保证、承诺、预测或确定的事实或概率的声明,且必须不得依赖于此。实际事件和环境很难或不可能预测,并且将与假设有所不同。许多实际事件和环境超出了Origin的控制范围。这些前瞻性陈述受到许多风险和不确定性的影响,包括但不限于,Origin材料可能无法成功商业化其产品的事实;竞争对Origin材料业务的影响;关于Origin的财务信息的不确定性;对Origin业务的干扰和其他影响。可能对上述交易和公司的运营产生不利影响的其他因素包括在公司于2024年11月14日提交给美国证券交易委员会(SEC)的10-Q季度报告中"风险因素"一节讨论的因素,以及Origin提交或将提交给SEC的其他文件。如果这些风险中的任何一个显现或我们的假设被证明不正确,实际结果可能与这些前瞻性陈述所暗示的结果有重大差异。可能还有其他风险,Origin材料目前不知道,或者Origin目前认为不重要,这也可能导致实际结果与前瞻性陈述中包含的结果不同。鉴于这些风险和不确定性,读者被警告不要对这些前瞻性陈述产生过度依赖。我们没有义务修订或公开发布对这些前瞻性陈述的任何修订结果,除非法律要求。

View source version on businesswire.com:

在businesswire.com查看源版本:

Origin Materials
Investors: ir@originmaterials.com
Media: media@originmaterials.com

起源材料
投资者: ir@originmaterials.com
媒体: media@originmaterials.com

Source: Origin Materials

来源: 起源材料

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