29 November 2021
5N Plus’ president & CEO steps down
Specialty semiconductor and performance materials producer 5N Plus Inc of Montreal, Québec, Canada says that Arjang Roshan will be stepping down as president & CEO, effective 1 December. However, he will continue to act as a strategic advisor to the board of directors, the interim president & CEO and the company until a permanent president & CEO is appointed, which is currently expected to be on or before the firm’s 2022 annual general meeting of shareholders.
5N Plus provides purified metals such as bismuth, gallium, germanium, indium, selenium and tellurium, and also produces related II-VI semiconducting compounds such as cadmium telluride (CdTe), cadmium sulphide (CdS) and indium antimonide (InSb) as precursors for the growth of crystals for solar, LED and eco-friendly materials applications. Sectors addressed include renewable energy, security, space, pharmaceutical, medical imaging, and industrial and additive manufacturing.
“Arjang was with us for six years, during which he implemented a strategy and business plan that allowed for the reorganization of the company’s affairs, the stabilization of the company’s EBITDA and solidification of our balance sheet, and the refocusing of our operations on value-added markets, as evidenced most recently by our acquisition of Azur Space,” says Luc Bertrand, chairman of the board of directors.
“The recent Azur Space acquisition will uniquely position 5N Plus for space and other essential markets,” believes Roshan. “The past 16 years of my career have been spent abroad and in the past 6 years I have been often away from my home and family in the USA. After consulting with the board of directors, we have agreed that a new president and chief executive officer should lead the company in its next chapter,” he adds.
Gervais Jacques has been appointed interim president & CEO, effective 1 December. Jacques brings “decades of leadership experience managing global businesses,” says Bertrand. “During the transition period, the board of directors, the interim president & chief executive officer and the company’s senior management, with the support of Mr Roshan, will continue to work on the orderly integration of Azur Space,” he adds.
5N Plus says that Jacques has extensive knowledge of the affairs of the company and its industry and is a seasoned business executive with over 30 years of experience in metals. Jacques is the former managing director (and previously chief commercial officer) of Rio Tinto Aluminum, where he led more than 6000 staff in five countries. Jacques also previously served as chairman of the International Aluminum Institute (the only Canadian ever appointed to this position) and as chairman of the Canadian Aluminum Association. He is currently chairman of the board of Nemaska Lithium and Airex Energy, and is a board member of Alliance Magnesium.