– CANADA, Mississauga – Canada Carbon Inc. (TSX: CCB | FF: U7N1) today announced the appointment of Ellerton Castor to its Board of Directors as CEO, effective on December 1st, 2021, succeeding Olga Nikitovic who will resign from the Company by no later than December 15, 2021.
The Board is extremely pleased to welcome Ellerton to the Company. His extensive natural graphite industry experience, proven leadership, and broad financial background will add great value as the Company continues the development of its exceptional graphite properties with an enhanced focus on expediting a path to revenue generation.
About Ellerton J. Castor
Mr. Castor recently served as CEO of Ontario Graphite Limited, a graphite mining company based in Toronto, Canada. Prior to assuming the role of CEO, Mr. Castor was CFO for the company. In his various roles at Ontario Graphite, he supervised all finance and administrative functions, led the licensing and permitting process, oversaw the development of the company’s Definitive Feasibility Study, and negotiated all engineering, procurement and construction management agreements.
Mr. Castor has over 30 years of experience in principal investing, investment banking and M&A advisory services to companies in the US, Canada, Europe, Australasia, and Latin America. Prior positions include: Managing Director of SphereInvest Special Situations Fund; Founder and Managing Partner of Panterra Partners, LLC, a restructuring advisory and capital raising firm; Managing Director, Latin America M&A and Merchant Banking – Banc of America Securities (where he advised companies such as CVRD – now Vale, and CSN); Executive Director, Global M&A and Financial Institutions Groups – CIBC Oppenheimer; and Senior Associate Corporate Finance & M&A – Morgan Stanley.
Ellerton holds an MBA from Harvard Business School and a BA in Economics and History, Summa Cum Laude, from Franklin Pierce University.
For more information: https://www.canadacarbon.com/
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