Loop Industries, Inc. Appoints D. Jennifer Rhee as Chief Financial Officer, Effective April 2017
January 12, 2018 at 04:31 pm EST
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Loop Industries, Inc. announced that D. Jennifer Rhee will become its new chief financial officer, replacing Cesar Contla, who will be staying on in his new role as corporate controller. Ms. Rhee will assume the role in early April 2017. Ms. Rhee has over 25 years of finance, accounting, international tax and management experience. She has been a partner with Richter LLP, a financial advisory services firm, since January 2007, and has previously worked at Richter LLP in other capacities since 2003. Ms. Rhee has practiced in the areas of international taxation and transfer pricing and was responsible for creating and building the firm's transfer pricing practice. She has also assumed leadership roles within the firm, including the expansion of the firm's presence in the Toronto market, chair of the firm's marketing committee, a member of the firm's nominating committee as well as a member of the firm's board of directors.
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.