Westwater Resources, Inc. (NYSE American: WWR), a battery-grade, natural graphite development company (“Westwater” or the “Company”), today announced the retirement of Christopher M. Jones, President and Chief Executive Officer (CEO) and member of the Board, effective February 25, 2022. Chief Operating Officer (COO) Chad M. Potter has been elected Westwater’s new President and CEO and appointed to fill the vacancy on the Board of Directors, effective February 26, 2022.
“Following nine years of distinguished service and after positioning the Coosa Graphite Project for success, Mr. Jones will retire at the end of February,” said Terence J. Cryan, Chairman of the Board of Directors. “The Board and entire management team extend their sincere thanks to Mr. Jones for his service to the Company. We wish him a happy and healthy retirement.”
Since joining Westwater in August 2021, Mr. Potter has been intricately involved in all aspects of the Coosa Graphite Project in Kellyton, Alabama, including responsibility for all construction activities, which is on schedule for completion in the first half of 2023. “As part of a thoughtful and planned succession strategy beginning last summer, the Board has now elected Mr. Potter as the Company’s new President & CEO,” added Mr. Cryan. “He will continue to be based in Alabama to oversee the completion of construction activities at the Coosa Graphite Project in addition to his expanded role as CEO.”
Prior to joining Westwater, Mr. Potter served as the COO and Vice President of Operations in Alabama, Ohio, Kentucky, and Tennessee for American Consolidated Industries. He also spent more than 14 years in the management team at Nucor Steel in Decatur, Alabama, including service as the CEO and General Manager of the joint venture between Nucor and JFE Steel in Guanajuato, Mexico. “I am honored and excited to assume this new role and to lead Westwater and its talented team into the future,” said Mr. Potter.
The Board also announced that, effective February 26, 2022, Mr. Cryan will become the Company’s Executive Chairman. He will work with Mr. Potter to ensure a smooth transition and to help advance Westwater’s business and financial interests, including the Coosa Graphite Project.
Messrs. Cryan, Jones, and Potter, along with Jeffrey L. Vigil, Westwater’s Vice President – Finance and Chief Financial Officer, will be available to discuss these changes further during the Company’s year-end conference call at 11 am EST/9 am MST on Monday, February 14, 2022.
About Westwater Resources, Inc.
Westwater Resources, Inc. (NYSE American: WWR) is focused on developing battery-grade natural graphite. The Company’s primary project is the Coosa Graphite Project — the most advanced natural flake graphite project in the contiguous United States — which includes the Coosa Graphite Plant located near Kellyton, Alabama and the associated Coosa Graphite Deposit located across 41,900 acres (~17,000 hectares) in east-central Alabama.
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