Loop Industries, Inc. announced that Nelson Gentiletti is retiring, and as such is stepping down from his roles as the Company’s COO. Mr. Andrew (Drew) Hickey will serve as the company’s principal financial officer and principal accounting officer, effective March 1, 2021. Nelson Gentiletti will remain with the Company until April 30, 2021 to ensure a smooth and successful transition of his responsibilities, which includes the completion of the Company’s year-end reporting. Drew Hickey has had a successful career of more than 25 years both in North America and Europe in investment banking with large Canadian banks. He will be responsible for Loop’s corporate functions, including finance and legal. He will also draw upon his strong background in financing activities globally to help drive the commercialization of Loop’s technology. Mr. Solomita and the Board of Directors would also like to express their appreciation to Nelson Gentiletti for his role over the past two years in Loop’s continuing development as a public company, including his leadership in enhancing Loop’s corporate governance, financial controls, and reporting practices, as well as his role in positioning the business for the future.
Loop Industries, Inc. is a Canada-based clean technology company. The Company owns patented and proprietary technology that depolymerizes noand low-value waste polyethylene terephthalate (PET) plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling its customers to meet their sustainability objectives. Its Infinite Loop provides an end-to-end industrial solution to supply the global demand for Loop PET resin made from recycled content. Loop PET plastic and polyester fiber can be recycled infinitely. The Company reduces plastic waste and recovering waste plastic.
LOOP INDUSTRIES, INC. 
