- NEO Battery Materials (TSXV:NBM), a silicon anode materials developer keen on optimizing the performance of lithium-ion batteries, has added Kenneth Hoffman to its board of directors
- Hoffman previously served as global head of battery materials at McKinsey & Company
- NEO Battery Materials is a Canadian technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics and energy storage systems
- NEO Battery Materials stock has added 378.57 per cent year-over-year and over 270 per cent since inception in 2021
NEO Battery Materials (TSXV:NBM), a silicon anode materials developer keen on optimizing the performance of lithium-ion batteries, has added Kenneth Hoffman to its board of directors.
Hoffman, CFA, CIM, is a global battery materials expert with an over 30-year career spanning investment management, energy, metals and mining.
He previously served as global head of battery materials at McKinsey & Company, where he contributed to strategic planning, supply chain integration and capital raising for clients across the battery value chain, and conducted due diligence on over 100 technologies and critical mineral assets.
Before McKinsey, Hoffman served as global head of metals & mining research at Bloomberg, preceded by senior investment positions as a portfolio manager and director of research for Millennium Partners and MarCap Investors.
According to Friday’s news release, Hoffman will provide “strategic support for industry partnerships, battery market expansion and corporate development, reinforcing the company’s position as a leading battery materials innovator.”
His compensation includes stock options for 300,000 shares at an exercise price of C$0.60, with 150,000 options vesting on April 25, 2025, and the remainder vesting four months from the initial grant.
NEO Battery Materials will hold its annual shareholder meeting on June 4, 2025, at 11:00 am ET.
Leadership insights
“We are greatly excited to invite Ken onto NEO’s board. Ken brings exceptional industry insight and strategic capabilities to the company. His expertise in battery technology, supply chain development and investment strategy will prove invaluable as we accelerate the commercialization of our silicon anode technology,” Spencer Huh, president and chief executive officer of NEO Battery Materials, said in a statement.
“The world is looking for faster-charging, less expensive and higher-density batteries. Being able to produce lower-cost silicon anodes that enable faster charging and longer cycle life will be a key improvement in battery technology,” Hoffman added. “I look forward to working with NEO as they look to solve these problems facing current silicon anodes.”
About NEO Battery Materials
NEO Battery Materials is a Canadian technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics and energy storage systems. The company offers exposure to a patent-protected, low-cost manufacturing process that enables longer-running and ultra-fast-charging batteries compared to existing technologies.
NEO Battery Materials stock (TSXV:NBM) opened unchanged trading at C$0.67. The stock has added 378.57 per cent year-over-year and over 270 per cent since inception in 2021.
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(Top photo of NEO Battery Materials director Kenneth Hoffman: LinkedIn)
