22 Nov 2022
Neo Performance Materials Inc. ("Neo" or the "Company") (TSX: NEO) announced that effective January 1, 2023, Rahim Suleman, the Company's current Chief Financial Officer, will assume the role of President. Mr. Suleman will continue in his role as Chief Financial Officer while the Company completes its recruitment process for a new Chief Financial Officer.
Constantine Karayannopoulos, the Company's current President and Chief Executive Officer, will continue in his role as Chief Executive Officer on Mr. Suleman's appointment as President.
"Having worked with Rahim over the past six years at Neo, I have full confidence in his ability to continue to lead the organization as President and drive operational excellence at the Company as Neo executes on its growth strategy," said Constantine Karayannopoulos, President and CEO of Neo.
"I am excited to be taking on the new role and look forward to working with Constantine and the Board to advance our strategy and growth initiatives," said Mr. Suleman, incoming President.
"This change is part of our ongoing succession planning process and the appointment of Mr. Suleman as President ensures continuity of leadership as Neo continues to execute on its strategic objectives," said Claire M.C. Kennedy, Chair of the Board.
The Board, together with the Compensation Committee and the Corporate Governance and Nominating Committee, are committed to an effective succession planning process and have worked closely with Neo's leadership team to ensure a seamless transition as Mr. Suleman assumes his new position.
Neo Performance Materials | www.neomaterials.com