Li-Cycle names chief financial officer

Toronto-based lithium-ion battery recycler Li-Cycle Holdings Corp. has appointed Craig Cunningham as its chief financial officer (CFO), effective June 20. Cunningham had served as the company’s interim CFO since March.

Cunningham brings nearly two decades of experience in accounting, finance, operations and capital markets, along with a strong background in executive-level leadership. He also has experience spearheading financial activities for publicly traded companies in the battery materials and mining sectors. As CFO, he will continue to lead Li-Cycle’s finance function, supporting its operations and strategic priorities.

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“Craig is a proven battery materials and mining executive, and we have been impressed with his contributions and expertise at Li-Cycle in his role as interim CFO over the past several months,” Li-Cycle President and CEO Ajay Kochhar says. “We look forward to Craig’s continued guidance and leadership as we continue to execute on our key objectives, including working closely with the U.S. Department of Energy on key technical, financial and legal workstreams to advance toward definitive financing documentation required for a loan, as well as our review of the Rochester Hub project.”

Before joining Li-Cycle, Cunningham was CFO at Electra Battery Materials Corp., a refiner and recycler focused on producing materials for electric vehicle (EV) batteries. Prior to Electra, he served as vice president and regional financial officer at Kinross Gold Corp., one of the largest gold producers in the world. At Kinross Gold, he held increasingly senior roles and most recently oversaw finance, information technology, supply chain and logistics and administration functions in Russia.

Cunningham earned a degree in accounting from Brock University and an MBA from Ivey Business School at Western University in Canada. He is a chartered public accountant and a chartered accountant.

“Li-Cycle continues to demonstrate its resilience and capabilities by securing a strategic investment earlier this year, by expanding its commercial network and through its ongoing cash preservation activities,” Cunningham says. “The underlying long-term market opportunities for the business also remain robust. I look forward to playing a key role in Li-Cycle’s growth journey and supporting the company in delivering long-term value to shareholders.”