Sustainable plastic technology company Loop Industries has appointed Nelson Gentiletti as COO and CFO effective 1 January 2019.
In this capacity, Mr. Gentiletti will report to Daniel Solomita, Loop’s Founder and CEO.
Mr. Gentiletti has had a successful career as a public company COO and CFO spanning over 30 years. Most recently, he was Chief Financial and Development Officer of Transcontinental where he played a leading role in the company’s transformation into flexible packaging.
An experienced and well recognized public company CFO, Mr. Gentiletti will be responsible for all of Loop’s corporate functions, including finance and legal.
He will also draw upon his strong background in operations management and business development to support the Company in the rollout of the recently announced joint venture with Indorama Ventures and the development of Waste-to-Resin plants for the large-scale commercialization of Loop’s groundbreaking technology for production of sustainable plastics.
Solomita said: ”I am pleased to welcome Nelson to Loop’s leadership team, where his experience and skillset will complement those of Nelson Switzer, who joined Loop earlier this year as Chief Growth Officer.
“Nelson Gentiletti’s experience and successful track record in business development, operations management and financing, combined with his excellent reputation in capital markets make him ideally suited to fill the role of CFO and COO as we continue to build upon recent momentum and focus on the continued execution of our strategy.”
Gentiletti said: “I am excited by the enormous potential of Loop to impact global sustainable development and create shareholder value. I could not imagine a more exciting opportunity with which to conclude my career.”
Source: Company Press Release.