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Lithium Americas names new CEO to lead expansion

Published 26/02/2024, 22:48
© Reuters.

VANCOUVER - Lithium Americas (NYSE:LAC) (Argentina) Corp. (TSX: LAAC) (NYSE: LAAC), a company focused on lithium production, has announced the appointment of Sam Pigott as its new President and Chief Executive Officer, effective March 18, 2024. The current Executive Chairman, President, and Interim CEO, John Kanellitsas, will continue as Executive Chairman of the Board.

Pigott, who will also join the Board of Directors, brings approximately 20 years of experience in the mining and lithium industries, as well as in the fields of capital markets, business development, and finance. He holds an MBA from Oxford University and a BA in Economics and History from McGill University. His previous role was leading the International Business Development group at Ganfeng Lithium, a partner in Lithium Americas' Caucharí-Olaroz lithium brine operation in Argentina.

Kanellitsas endorsed Pigott's appointment, highlighting his qualifications and expressing confidence in Pigott's understanding of the challenges faced by multi-cultural organizations. Pigott has been involved with Lithium Americas through his roles as Chairman of the Shareholder Committee at Minera Exar, the joint venture entity holding the Caucharí-Olaroz project, and as a member of the senior leadership team at Ganfeng Lithium.

Pigott expressed his honor at the opportunity to lead Lithium Americas and his anticipation for the company's next phase of growth, including the ramp-up of operations at the Caucharí-Olaroz project. He emphasized the company's positioning to succeed across market cycles and expressed gratitude for Kanellitsas' continued involvement.

Lithium Americas is an emerging producer of lithium carbonate, primarily used in lithium-ion batteries and electric vehicles. The company is advancing the development of additional lithium resources in the region, in partnership with Ganfeng Lithium Co, Ltd.

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