Posted 17 January, 2023
WESTWATER RESOURCES, INC. appointed Mr. Bakker as new CEO
NYSE:WWR appointed new Chief Executive Officer Mr. Bakker in a 8-K filed on 17 January, 2023.
Mr. Bakker does not have any family relationships with any director, executive officer, or any person nominated to become a director or executive officer, of the Company and there are no arrangements or understandings between Mr. Bakker and any other person pursuant to which Mr. Bakker was appointed as the Chief Executive Officer and President.
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Overview of WESTWATER RESOURCES, INC.
Basic Materials/Resources • Non-Ferrous Metals
Westwater Resources, Inc. is an explorer and developer of mineral resources. It focuses on developing a battery graphite business in the state of Alabama. The firm's battery-materials projects include the Coosa Graphite and its associated Coosa Graphite Deposits located in east-central Alabama. The company was founded by Raymond Larson in 1977 and is headquartered in Centennial, CO.Market Cap
$27.8M
View Company Details
$27.8M
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers. On January 17, 2023, the Company announced that Chad M. Potter, former President and Chief Executive Officer of the Company, departed the Company on January 16, 2023. As described under Item 1.02 above, Mr. Potter's employment agreement with the Company dated as of February 7, 2022, ceased in connection with his departure effective as of such date. Effective January 16, 2023, as noted in Item 1.01 above, Mr. Bakker was appointed Chief Executive Officer and President of the Company. Mr. Bakker, age 57, has served as Vice President and General Manager - Alabama Graphite Products since 2022. Prior to joining the Company, from 2017 to 2021, he was responsible for engineering, project management, and plant operations at several methanol plants in Houston, Texas and in Charleston, West Virginia, including serving as the Chief Executive Officer for US Methanol LLC, as the Project Director for BD Energy, and as the Project Manager for Altivia AOC. From 2013 to 2017, Mr. Bakker served as President & Chief Executive Officer, and earlier as General Manager, in the ammonia and methanol business for OCI Partners LP in Beaumont, Texas. Mr. Bakker began his career at DSM in the Netherlands in 1989, working in various increasing management roles in the ammonia and resins production businesses, eventually serving as the Manufacturing Director and Site Manager. Mr. Bakker received a Master's Degree in Mechanical Engineering from the University of Twente Netherlands, and a Master's in Business Administration from the University of Massachusetts. Mr. Bakker does not have any family relationships with any director, executive officer, or any person nominated to become a director or executive officer, of the Company and there are no arrangements or understandings between Mr. Bakker and any other person pursuant to which Mr. Bakker was appointed as the Chief Executive Officer and President. There are no transactions in which Mr. Bakker had or will have an interest that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended. In addition, on the Effective Date, Steven M. Cates, the Company's Vice President - Finance and Chief Financial Officer, was promoted to Senior Vice President - Finance and Chief Financial Officer, and John W. Lawrence, the Company's General Counsel and Corporate Secretary, was promoted to Chief Administrative Officer, General Counsel and Corporate Secretary. The description of Mr. Bakker's Employment Agreement is incorporated by reference into this Item 5.02.
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