RecycLiCo appoints interim CEO

The board of directors of British Columbia-based RecycLiCo Battery Materials Inc. has appointed Richard Sadowsky, a board member since November 2023, as its new interim CEO.

Sadowsky is a New York-based lawyer and business consultant with four decades of experience in complex transactions and investment banking. He previously was acting CEO of Voltari Corp. and a partner at what is now Dentons and one of its predecessor firms, Rubin Baum LLP. Sadowsky also worked as an investment banker in the CIBC World Markets Media and Technology Group, stationed in New York.

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The company also has announced the return of Kurt Lageschulte to its board of directors. Lageschulte is a principal and the portfolio manager of Broadbill Investment Partners LLC, which he co-founded in 2011.

Broadbill is a New York-based investment advisory firm managing multiple fund portfolios with public and private investments, including more than 3.5 million shares of RecycLiCo’s outstanding stock. He served on the RecycLiCo board from 2012-2021 and has been serving on its advisory board since that time. RecycLiCo says he has experience in the energy and technology industries as well as public and private capital markets expertise.

“It is important that RecycLiCo continues to take the steps necessary to move from an early-stage venture company to a major player in the battery recycling industry, and that we have the resources to do so,” Sadowsky says in a news release. “I am honored that the board has asked me to serve in an interim capacity so that we can select our next CEO after careful consideration and a comprehensive search. Kurt Lageschulte is someone I know to be a creative and effective investor and fundraiser and all of us on the board are excited at his return.”

The company’s board continues its search for a successor to former CEO and board member Zarko Meseldzija, who stepped down from these roles in late January.