Li-Cycle appoints Debbie Simpson as CFO

TORONTO – (COMMERCIAL THREAD) – Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or “the Company”), a leader in the lithium-ion battery resource recovery industry and the leading lithium-ion battery recycler in North America, today has announced the appointment of Debbie Simpson as Chief Financial Officer (CFO), effective February 1, 2022.

“We are delighted to welcome Debbie to Li-Cycle,” said Ajay Kochhar, co-founder and CEO of Li-Cycle. “Debbie will be an immediate strategic partner as a member of Li-Cycle’s leadership team. As a proven financial executive with experience in global public companies and a champion of growth and talent development, she will contribute to our efforts to drive growth and maximize shareholder value.

Ms. Simpson brings over 30 years of senior financial leadership focusing on strategic and transformational investment projects and on optimizing capital structures to generate returns and facilitate the scalability and growth of global businesses. She joined Li-Cycle at an important time, as the company rapidly expanded its business with plans to build commercial lithium-ion recycling facilities around the world.

Prior to joining Li-Cycle, Ms. Simpson was Chief Financial Officer of Maple Leaf Foods (TSX: MFI), a carbon-neutral, sustainable protein company with approximately $ 4 billion in sales and over 13 billion dollars. 000 employees. At Maple Leaf Foods, she was instrumental in driving strategic change for the company to become a higher value-added sustainable protein company, advised on successful acquisitions and secured funding of over 2 , 0 billion dollars. Previously, Ms. Simpson was Interim Chief Financial Officer of Vincor International Inc., one of the world’s leading producers and distributors of wine with operations in multiple countries. At Vincor International, she completed several business acquisitions, equity and debt transactions, and the successful sale of the business to Constellation Brands Inc. (NYSE: STZ).

Ms Simpson holds a BA in Accounting and an MSc in Accounting and Finance from the University of Stirling, Scotland. She is a fellow of the Institute of Chartered Accountants of Scotland. As a strong advocate for women’s health and education, Ms. Simpson volunteers her time as Chair of the Board of Trustees of the Women’s College Hospital Foundation and Chair of the Board of Trustees of Havergal College. She is also a member of the board of directors and chair of the audit committee of Shearer’s Snacks, a holding company of Teachers’.

“I am delighted to join the Li-Cycle team. I was drawn to its innovative technology, global growth plans and commitment to fostering a circular economy, ”said Ms. Simpson. “I look forward to being a part of the Li-Cycle team and contributing to their future expansion in this rapidly evolving industry. ”

Ms Simpson will succeed Li-Cycle’s current CFO Bruce MacInnis upon his previously announced retirement and the two will immediately begin working together to ensure a smooth transition and succession.

“I would like to personally thank Bruce for his commitment to Li-Cycle and the value and significant contributions he has made to our business during a period of rapid growth and transformation. Bruce was a key member of Li-Cycle’s leadership team during a critical period in Li-Cycle’s history, laying a solid foundation for our finance team to support Li-Cycle’s continued expansion. We wish him the best for his retirement, ”said Mr. Kochhar.

“It has been a real pleasure working for Li-Cycle and I would like to thank Ajay and the rest of the team for giving me the opportunity to be part of this uniquely positioned organization,” said Mr. MacInnis. . “I look forward to following the company’s future growth and success as it continues to revolutionize the lithium-ion battery market. ”

About Li-Cycle Holdings Corp.

Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies â„¢ to provide a customer-centric end-of-life solution for lithium-ion batteries, while creating a secondary material supply. battery critical. Rechargeable lithium ion batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and home applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the growing demand for quality critical and scarce raw materials. battery thanks to a closed-loop solution. For more information, visit

Forward-looking statements

Certain statements contained in this communication may be considered “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995, Section 27A of the US Securities Act of 1993, as amended, Section 21 of the US Securities Exchange Act . of 1934, as amended, and applicable Canadian securities laws. Forward-looking statements can generally be identified by the use of words such as “will”, “expect”, “plan”, “potential”, “future”, “continue” or other similar expressions that predict or indicate future events or trends. or which are not statements on historical matters, although not all forward-looking statements contain such identifying words. Forward-looking statements may include, for example, statements about the future financial performance of Li-Cycle. These statements are based on various assumptions, whether or not identified in this communication, that Li-Cycle considers reasonable under the circumstances. There can be no assurance that such estimates or assumptions will prove to be correct and, accordingly, actual results or events could differ materially from the expectations expressed or implied by forward-looking statements.

Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and many of which are beyond Li-Cycle’s control, and are not guarantees of future performance. These and other risks and uncertainties relating to Li-Cycle’s activities are described in more detail in the section entitled “Risk Factors” in its final prospectus dated August 10, 2021 filed with the Securities Commission of the. Ontario in Canada and Form 20-F filed with the United States Securities and Exchange Commission, and in other documents filed by Li-Cycle with securities regulatory authorities. Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Actual results could differ materially from those contained in any forward-looking statement.

In addition, the forward-looking statements contained in this communication reflect Li-Cycle’s expectations, plans or forecasts regarding future events and opinions as of the date of this communication. Li-Cycle anticipates that subsequent events and developments may cause Li-Cycle’s assessments, expectations, plans and forecasts to change. Although Li-Cycle may choose to update these forward-looking statements at any time in the future, Li-Cycle has no intention and assumes no obligation to do so, except as required by applicable law. These forward-looking statements should not be taken as representing Li-Cycle’s assessments as of a date subsequent to the date of this communication. Li-Cycle’s forward-looking statements are expressly qualified in their entirety by this cautionary statement.

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