MONOLITH MATERIALS ANNOUNCES ADDITION OF JIM MICALI TO BOARD OF DIRECTORS
Retired president of Michelin North America to add depth of industry expertise to next generation carbon black manufacturer’s Board of Directors
REDWOOD CITY, CA —September 20, 2016—Monolith Materials, Inc., a next-generation manufacturer of natural gas-based carbon black, is pleased to announce that James Micali, former Chairman and President of Michelin North America, has been elected to Monolith’s Board of Directors as of July 1, 2016.
Prior to joining the Monolith Board of Directors, Jim served as Chairman and President of Michelin North America from 1996 until his retirement in 2008. During this time, Jim dramatically grew Michelin’s North America Group, primarily through the acquisitions of Uniroyal and B.F. Goodrich. Within Michelin, Jim also served in various positions, including General Counsel and Executive Vice President of Legal and Finance.
“Jim is an extremely experienced and successful executive who will help drive the company towards commercial penetration with tire, industrial, and specialty customers. We are extremely excited to welcome him to our board of directors,” said Bill Brady, Monolith’s Executive Chairman. “We believe his market knowledge and experience building large organizations will be highly valuable as Monolith enters the next phase of its commercial expansion.”
Jim also serves on the Board of Directors for Sonoco Products (NYSE: SON), SCANA Corporation (NYSE: SCG), American Tire Distributors, Humphrey Enterprises, and GVD Corporation. His prior Board experience includes Lafarge North America and Ritchie Bros. Auctioneers.
“I am very honored and excited to lend my expertise and insights to the Monolith team, as I believe their innovative technology has the potential to truly change not just the tire but many industries that touch Americans every day,” said Micali. “The company’s business plan is solid, and their commitment to returning manufacturing jobs to the United States is admirable, along with the environmental benefits they bring to the industries they serve.”
Micali received his legal degree from Boston College Law School in 1973 and practiced law with Higgins, Cavanagh, & Cooney before joining Michelin’s legal department in 1977.
About Monolith Materials
Monolith Materials is a next-generation, carbon black manufacturing company which uses a proprietary process to convert natural gas to carbon black in a cost competitive and environmentally advantaged manner. Monolith’s process also produces hydrogen tail-gas, a valuable co-product that can be sold into the power generation or industrial gas markets. Monolith is backed by Azimuth Capital Management and Warburg Pincus, two of the most widely respected private equity firms in North America.
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