THE
WOODLANDS, Texas, June 27,
2022 /PRNewswire/ -- Lancium, Inc., an energy
infrastructure and technology company which advances the
decarbonization and stability of the electric power grid, today
announced the appointment of three independent directors to the
Board: Patrice Merrin, who will
serve as Lead Independent Director and Chair the Nominating and
Governance Committee, Clint
Freeland, who will serve as Chair of the Audit Committee,
and Sue Taylor, who will serve as
Chair of the Compensation Committee.
Lancium's Board will now be comprised of seven directors, four
of whom are independent.
"I am thrilled to welcome Patrice
Merrin, Clint Freeland and
Sue Taylor to our Board," said
Michael McNamara, Co-Founder,
Chairman and CEO of Lancium. "Patrice brings deep board
experience and is frequently cited as an expert on several
corporate governance topics, including ethics, compliance,
diversity, and independence. Clint has an extensive background in
building world-class finance organizations for global businesses,
and he also brings significant power industry experience. Sue
brings decades of information technology, human capital management
and business transformation experience. Patrice, Clint and Sue are
truly impressive additions to Lancium's Board. We look
forward to benefiting from their insights and guidance as we
advance our innovative technologies to further the energy
transition."
Brief biographies for Ms. Merrin, Mr. Freeland and Ms. Taylor as
well as the four members currently serving on the Lancium Board are
available below:
Patrice Merrin joins
Lancium's Board as lead independent director and Chair of the
Nominating and Governance committee. Ms. Merrin is currently
non-executive Chair of Metals Acquisition Corporation. Since 2014,
Ms. Merrin has served as an independent, non-executive director of
Glencore plc, a global commodity trading and mining company based
in Switzerland, and, over time on
a variety of other public boards including Detour Gold Corporation
(Chair), CML Healthcare (Chair) and Arconic Inc. Ms. Merrin has
also served as director of the Alberta Climate Change and Emissions
Management Corporation, a member of the Canadian Advisory Panel on
Sustainable Energy Science and Technology and a member of
Canada's Roundtable on the
Environment and the Economy.
Clint Freeland joins
Lancium's Board as Chair of the Audit Committee. Mr. Freeland is
currently Senior Vice President and Chief Financial Officer of
Mosaic, one of the world's leading producers and marketers of
concentrated phosphate and potash crop nutrients. Prior to
joining Mosaic, Mr. Freeland served as Executive Vice President and
Chief Financial Officer of Dynegy Inc. until Dynegy's merger with
Vistra Energy Corp. Prior to Dynegy, he served as Chief Financial
Officer, Treasurer and Senior Vice President—Strategy and Financial
Structure at NRG Energy.
Sue Taylor joins Lancium's
Board as Chair of the Compensation Committee. Ms. Taylor is
currently on the Board of Boise Cascade, one of the largest
producers of engineered wood products and plywood in North America and a leading U.S. wholesale
distributor of building products, where she serves on the Audit
Committee. Most recently, Ms. Taylor served as Chief Information
Officer of the Bill and Melinda Gates Foundation. Prior to
joining the Gates Foundation, Ms. Taylor was Vice President of
Applications and the Project Management Office at Honeywell
Automation and Control Solutions. Before its acquisition by
Honeywell, she served in a number of leadership roles at Intermec
including Chief Information Officer, Chief Human Resource Officer,
Business Transformation.
Prashant Gupta is a
Co-Founder and a member of the Board of Directors of Lancium.
Mr. Gupta is currently the Managing Partner of NEEM Partners, a
private investment partnership focused on several industries,
including technology, equipment finance and gaming. Prior to
NEEM Partners, Mr. Gupta was the Chief Financial Officer at a
Chicago-based Forbes 400 family
office with a significant portfolio of investments in hedge funds,
real estate and gaming. Mr. Gupta oversaw all aspects of the
family office's investment financing, structuring, accounting and
taxation. In addition, Mr. Gupta was a Partner and Chief
Financial Officer at a Chicago based multi-strategy hedge fund.
Earlier in his career, Mr. Gupta worked at Ernst
& Young LLP, specializing in hedge funds, mutual funds,
and broker-dealers. Mr. Gupta is a Chartered Financial Analyst and
a Certified Public Accountant (inactive).
Vitaly Lee is a member of
the Board of Directors of Lancium. Mr. Lee is currently the Chief
Development Officer at Q Cells USA
Corp., the US subsidiary of Hanwha Solutions where he oversees the
development of utility-scale solar PV and energy storage projects
in the US market. Prior to joining the Lancium Board to represent
Hanwha's $100 million investment in
Lancium, Mr. Lee held senior executive positions at various energy
companies for over 25 years, including BayWa r.e., Terra-Gen Power,
and AES Corporation. Mr. Lee started his professional career as a
tax consultant at Arthur Andersen where he conducted due diligence
and consulted on tax matters for his energy company
clients.
Michael McNamara is a
Co-Founder of Lancium and has served as CEO since the company's
inception. In addition, he serves as Chairman of the Board. Prior
to founding Lancium, Mr. McNamara founded ROR Capital, where he
partnered with private equity firms to restructure several
multi-billion-dollar natural resource companies. Previously, Mr.
McNamara was Head of Research for Natural Resources at Talpion Fund
Management LP and Head of Research for Event Driven Equities at One
East Partners, with a special focus on natural resources
opportunities. Earlier in his career, Mr. McNamara was Vice
President at Twin Capital Management. Mr. McNamara currently serves
on the Board of directors of Certified Holdings, LLC and Grady's
Cold Brew.
Andrew Wert was one of the
initial seed investors in the Company and now serves as an
independent member of the Board of Directors of Lancium. Mr. Wert
is the founder of Cohesion Capital LLC, a private investment firm
focused on sourcing and structuring investments in hedge funds and
early-stage ventures. Prior to Cohesion Capital, Mr. Wert served as
a Managing Director of the Investment Office for Brown University where he was responsible for the
endowment's hedge fund investments and general risk management. Mr.
Wert began his career as a quantitative proprietary trader within
the Equity Derivatives Group of BNP Paribas. He held various
positions during his tenure at BNP, including senior trading roles
in the Frankfurt, Paris, Tokyo
and New York City offices. Mr.
Wert also served as a member of the Board of Directors of
Sensemetrics Inc., a San Diego
based developer of Industrial IoT software.
About Lancium
Headquartered in The Woodlands, Texas, Lancium is dedicated to
accelerating the energy transition through technologies and
infrastructure designed to enable more clean energy production
while also balancing and stabilizing the power grid. Lancium's
Clean Campuses are designed to provide a low-cost, sustainable
solution for large-scale, energy-intensive customers through our
propriety Lancium Smart Responseâ„¢ technology. For more information,
visit www.lancium.com. Follow Lancium on social
media: Facebook, Twitter, LinkedIn, YouTube
Media Contact: Andy Schonert,
andy.schonert@lancium.com
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SOURCE Lancium