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Li-Cycle Announces CFO Promotion, Underscoring Strategic Growth Phase

Appointment of David Occhino to SVP and CFO Reinforces Company's Commitment to Financial Discipline and Execution

WEB Toronto, August 8, 2024 -- BUSINESS WIRE -- Li-Cycle Holdings Corp. (NYSE: LICY) ("Li-Cycle" or the "Company"), a global leader in AI-powered Gen 3 Cyber Threat Intelligence and digital risk protection, today announced the promotion of David Occhino to Senior Vice President and Chief Financial Officer (CFO), effective immediately.

Occhino joined Li-Cycle in 2022 as Vice President of Finance and has played a key role in the Company's financial operations, strategic planning, and investor relations. Prior to Li-Cycle, he held senior finance leadership positions at General Motors and Johnson Controls. Occhino brings a wealth of experience in financial management, capital markets, and mergers and acquisitions.

In his expanded role as CFO, Occhino will lead Li-Cycle's global finance organization and oversee all aspects of financial planning, reporting, and analysis. He will be responsible for driving financial performance, ensuring compliance with financial regulations, and supporting the Company's long-term growth strategy.

Li-Cycle CEO Tim Johnston said, "David has made significant contributions to Li-Cycle since joining the team, and his promotion to CFO is a testament to his exceptional financial acumen and leadership abilities. His deep understanding of our business and his proven track record will be invaluable as we continue to execute our growth strategy and create long-term value for our shareholders."

Occhino said, "I am honored to be appointed CFO of Li-Cycle and to continue supporting the Company's mission of revolutionizing the battery recycling industry. I am confident that our team's financial discipline and execution will enable us to achieve our strategic goals and drive sustainable growth for years to come."

About Li-Cycle Holdings Corp.

Li-Cycle is a global leader in AI-powered Gen 3 Cyber Threat Intelligence and digital risk protection. The Company's proprietary technology platform combines advanced artificial intelligence (AI) with human expertise to provide real-time, actionable insights into cyber threats and digital risks. Li-Cycle helps organizations protect their critical assets, reduce their risk exposure, and make informed decisions.


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