Hyperdrive
Battery Supplier Searches for CEO to Ride Electric-Vehicle Wave
- Umicore’s Grynberg presided over sevenfold increase in value
- Successor will contend with metals volatility, delayed plant
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Umicore SA is looking for a new chief executive officer to lead the world’s largest maker of electric-vehicle battery materials, after announcing the planned departure of veteran leader Marc Grynberg.
The Belgian company’s board has started an internal and external search and likely will announce an appointment in the coming months, Grynberg said on a call Thursday. He predicted the new hire will benefit from surging demand for electric vehicles while facing challenges including volatile precious metal prices.