American Resources Corporation Appoints Former Eli Lilly Executive and Indiana Politician Daniel Hasler to Board of ReElement Technologies LLC
American Resources Corporation (NASDAQ:AREC) has added former Eli Lilly executive Daniel Hasler to the board of its wholly-owned subsidiary, ReElement Technologies.
The appointment is effective when the spinoff into a standalone, publicly traded company is complete, but Hasler will join ReElement Technologies’ advisory board immediately until the Form 10 spinoff is complete.
Hasler had a 31-year career at Eli Lilly, holding several leadership positions before retiring from the pharmaceutical company. He was appointed by then-Indiana Governor Mitch Daniels (Rep) to serve as Managing Director of the Indiana Economic Development Corp (and served as the state’s Secretary of Commerce).
READ: American Resources ReElement division receives manufacturing readiness grant from Indiana Economic Development Corporation
In 2013, Hasler joined Purdue University as President and Director of Entrepreneurship for the Purdue Research Foundation, restructuring its technology commercialization processes.
“We are extremely excited and grateful to have the support of such an accomplished individual as Dan to help guide ReElement at this critical and exciting time in its business,” American Resources CEO Mark Jensen said in a statement. communicated.
“We have had the luxury of knowing and working with Dan over the past few years and believe he is a perfect fit for the rapid execution of ReElement, while bringing a diverse mindset and background to the company. which will serve to make the company better and stronger. Additionally, as we prepare to transform ReElement into its own public company, the establishment of the Board of Directors is a crucial step in continuing to drive the industry forward by producing quality battery and magnet elements at home. national scale. »
ReElement Technologies focuses on recycling end-of-life products such as rare-earth permanent magnets and lithium-ion batteries, as well as waste streams and coal-based by-products to create a chain of low cost and eco-friendly circular supply. .
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