Ceylon Graphite named CEO

Vancouver — Ceylon Graphite Corp. has appointed founder and shareholder Sasha Jacob as interim CEO and Director.

Jacob is a corporate executive with operational experience in Sri Lanka and the experience and skill set required to lead Ceylon Graphite in working with local mining leadership, governmental bodies and graphite buyers as the company approaches commercial production in the coming months.

The Board of Directors has also accepted the resignation of interim CEO Don Baxter.

Jacob was a co-founder and principal shareholder of South Asia Energy Management Systems (SAEMS), formerly Sri Lanka’s largest independent hydropower producer. As the founder of Ceylon Graphite, he worked with local leadership to secure government support and licensing, and as an advisor and principal investor, he has been a market leader in Canada.

“Sasha is the right person at the right time to step in to oversee activity at the local level for the company, put the team in place to rapidly expand production capability,” said Rita Theil, Chair of the Board of Directors. “He is also ideally suited to work with automotive OEMs and battery manufacturers to secure Ceylon Graphite’s place in the Electric Vehicle battery ecosystem through offtake agreements with major manufacturers. We are grateful to Don for his hard work to put the mines on solid footing to move forward and thank him for his contributions as Interim CEO while the company was in transition.”