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Exhibit 99.1 |
Li-Cycle Announces Appointment of Jacqueline Dedo to Board of
Directors
Seasoned global executive brings more than 40 years of experience and deep automotive industry expertise
TORONTO, Ontario (August 8, 2022) Li-Cycle Holdings Corp. (NYSE: LICY) (Li-Cycle or the Company), an industry leader in lithium-ion battery resource recovery and the leading
lithium-ion battery recycler in North America, today announced that Jacqueline (Jacqui) Dedo, has been appointed to serve as an independent director on the Companys Board of Directors (the
Board), effective immediately. The Board is now comprised of nine directors.
Were thrilled to welcome Jacqui to Li-Cycles Board. She is a proven leader in the automotive industry and we look forward to leveraging her experience and insights as we continue to build a more circular supply chain for electric vehicle
batteries, said Ajay Kochhar, Li-Cycle co-founder and Chief Executive Officer. As we indicated at our 2022 Annual Meeting, we are committed to enhancing the
balance of independence, diversity and skills of the Board as Li-Cycle continues to execute on its growth strategy.
I am pleased to join Li-Cycles Board and look forward to working closely with the Companys
management team and Board members at a pivotal time for Li-Cycles strategy, said Ms. Dedo. Through its innovative Spoke & Hub network,
Li-Cycle is helping bridge a crucial gap in the lithium-ion battery supply chain the need for a localized and environmentally sustainable resource recovery
solution that can meet accelerating global electrification demand.
Ms. Dedo has more than 40 years of experience across a variety of functions
and verticals in the automotive industry, with a focus on strategy development and creating customer value. She is co-founder of Aware Mobility, LLC, an organization focused on Mobility Platforms and Ecosystem
enablement through development, investing, partnering and application of both Electrified Propulsion and Connectivity tools, platforms and applications. She previously served as Chief Strategy and Supply Chain Officer for Dana Holding Corp. (NYSE:
DAN. Ms. Dedo has also held various leadership positions at Piston Group, The Timken Company (NYSE: TKR), Motorola (NYSE:MSI), and Robert Bosch Corporation among others and has a proven background in managing full P&L responsibilities for
major business units and entire companies responsible for up to $2 billion in revenue.
Ms. Dedo also has two decades of board membership
experience. She currently sits on the Board of Directors of Cadillac Products Automotive Company, a private, internationally-recognized leader in the plastics converting industry, and the Workhorse Group Inc. (Nasdaq: WKHS), an OEM for commercial
electric delivery vehicles and delivery drones. Ms. Dedo earned her Bachelor of Science degree in electrical engineering from Kettering University in Flint, Michigan, has been involved in numerous charitable organizations, and has been honored
on multiple occasions by Automotive News as one of the Top 100 Leading Women in the Automotive Industry.
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