Origin Materials Announces Chief Financial Officer Transition
16 Junho 2023 - 8:00AM
Business Wire
CFO Nate Whaley to remain at Origin through
September 1 and hold advisory role through end of year to ensure a
smooth transition to successor
Origin Materials, Inc. (“Origin,” “Origin Materials,” or the
“Company”) (NASDAQ: ORGN, ORGNW), the world’s leading carbon
negative materials company with a mission to enable the world’s
transition to sustainable materials, today announced that Chief
Financial Officer Nate Whaley will be departing the Company and the
Company has initiated a formal search process for the selection of
its new Chief Financial Officer.
Mr. Whaley will remain at the Company until September 1, 2023,
and will hold an advisory role with Origin through the end of the
year to assist the Company with the search for and onboarding of
his successor, ensuring sufficient time for a smooth and successful
transition.
“I want to thank Nate for his contributions to Origin as the
company has transformed from a privately held organization to a
publicly listed company,” said John Bissell, Co-Founder and Co-CEO
of Origin Materials. “We anticipate a well-ordered transition over
the next several months and look forward to announcing a new chief
financial officer following the hiring process.”
“We wish Nate the best in his future endeavors and thank him for
his accomplishments with Origin during a period of tremendous
growth for the company,” said Rich Riley, Co-CEO of Origin
Materials. “We appreciate his contributions and his full support as
we onboard his successor.”
“I have been proud to serve as CFO of Origin through its
successful go-public transaction, and to have helped build the team
and processes that will enable Origin to begin to meet over $9
billion in customer demand,” said Nate Whaley. “With the company
now on its way to commercial production, I believe Origin has a
strong foundation for growth, including a great team and exciting
long-term global opportunities. I am grateful to have supported
Origin in its mission to decarbonize the world’s materials, and I
am leaving knowing Origin is well positioned for the future.”
About Origin Materials
Headquartered in West Sacramento, Origin Materials is the
world's leading carbon negative materials company. Origin’s mission
is to enable the world’s transition to sustainable materials. For
over a decade, Origin has developed a platform for turning the
carbon found in inexpensive, plentiful, non-food biomass such as
sustainable wood residues into useful materials while capturing
carbon in the process. Origin’s patented technology platform can
help revolutionize the production of a wide range of end products,
including clothing, textiles, plastics, packaging, car parts,
tires, carpeting, toys, fuels, and more with a ~$1 trillion
addressable market. In addition, Origin’s technology platform is
expected to provide stable pricing largely decoupled from the
petroleum supply chain, which is exposed to more volatility than
supply chains based on sustainable wood residues. Origin’s patented
drop-in core technology, economics and carbon impact are supported
by a growing list of major global customers and investors.
For more information, visit www.originmaterials.com.
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,” “potential,”
“seem,” “seek,” “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
Materials’ business strategy, estimated total addressable market,
ability to enter new end-markets, ability to develop new product
categories, commercial and operating plans, anticipated growth, and
ability to transition smoothly to a new Chief Financial Officer.
These statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of the management of Origin Materials and are not predictions of
actual performance. 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 Materials. These
forward-looking statements are subject to a number of risks and
uncertainties, including 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; changes in customer
demand; and those factors discussed in the Quarterly Report on Form
10-Q filed with the U.S. Securities and Exchange Commission on May
10, 2023, under the heading “Risk Factors,” and other documents
Origin Materials 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 Materials
currently believes are immaterial, that could also cause actual
results to differ from those contained in the forward-looking
statements. In addition, forward-looking statements reflect Origin
Materials’ expectations, plans, or forecasts of future events and
views as of the date of this press release. Origin Materials
anticipates that subsequent events and developments will cause its
assessments to change. However, while Origin Materials may elect to
update these forward-looking statements at some point in the
future, Origin Materials specifically disclaim any obligation to do
so. These forward-looking statements should not be relied upon as
representing Origin Materials’ assessments of any date subsequent
to the date of this press release. Accordingly, undue reliance
should not be placed upon the forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230616047116/en/
Origin Materials Investors: ir@originmaterials.com
Media: media@originmaterials.com
Origin Materials (NASDAQ:ORGNW)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Origin Materials (NASDAQ:ORGNW)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024