Sherritt Appoints Decarbonization Expert to its Board of Directors and Names Maryse Bélanger Deputy Chair
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Sherritt Appoints Decarbonization Expert to its Board of Directors and
Names Maryse Bélanger Deputy Chair
TORONTO, March 1 , 2022 – Sherritt International Corporation (“Sherritt”) (TSX:S) today announced
changes to its Board of Directors consistent with its commitment to environmental, social and governance
(ESG) matters and to ongoing Board renewal, naming Maryse Bé langer Deputy Chair and Chih-Ting Lo,
P.Eng., an expert in decarbonization and sustainability in the mining industry, as director. The appointments
are effective today.
“Chih-Ting is a welcome addition to our Board, bringing subject matter expertise, mining industry experience
and a proven ability to develop innovative solutions that reduce carbon emissions,” said Sir Richard
Lapthorne, Chair of Sherritt International. “ Given the increasing importance that She rritt’s stakeholders,
including customers, investors, local communities, and employees place on ESG matters, we look forward
to Chih-Ting’s many contributions to our Board, particularly in guiding our efforts toward achieving net-zero
carbon neutrality by 2050.”
Sir Richard added, “Equally significant , we have named Maryse to the new ly created Deputy Chair role
where she will work closely with me on a number of strategic and governance matters. Maryse has served
on Sherritt’s Board since 2018 providing invaluable mining industry experie nce and active participation in
the Nominating Committee as well as having chaired the Reserves, Operations, and Capital Committee
over the years. Maryse’ s revised role and Chih-Ting’s appointment are indicative of our ongoing
commitment to Board renewal.”
“The addition of Chih -Ting to our Board and naming Maryse to a strategy-focused role reflect Sherritt’s
continuing transformation, which was effectively launched with our announced expansion late last year
following the completion of a balance sheet initiative in 2020 that eliminated approximately $300 million of
debt and extended the maturity of our first debt obligation to November 2026,” said Leon Binedell, President
and CEO of Sherritt International. “I look forward to working closely w ith both Chih-Ting and Maryse, who
are each developing strong reputations for their subject matter expertise and deep relationships within the
industry, as we pursue a growth strategy and efforts to reduce carbon intensity at our operations.”
Ms. Bélanger has served as a director of the Corporation since February 2018, and has more than 35 years
of experience in the global mining sector, with proven strengths in operational excellence, technical services
and efficiency. In addition to serving on Sherritt’s Board, Ms. Bélanger is currently Chair of IAMGOLD and
sits on the boards of Pure Gold and Equinox Gold.
Ms. Bélanger was recognized twice by the Women in Mining UK "WIM (UK)" 100 Global Inspirational
Women in Mining Project as one the most inspirational Global Women in Mining. She holds a Bachelor of
Science degree in Geology, a graduat e certificate in Geostatistics, ICD.D designation and she is fluent in
English, French, Spanish and Portuguese.
Ms. Lo is the founder and President of EELO Solutions, a management consulting firm specializing in the
development of strategic plans and tech nical solutions focused on reducing greenhouse gas emissions.
Over the past 18 years, she has worked with a number of mining companies, public utilities, and government
agencies to innovate and to improve their carbon footprint and sustainability practices. She is currently
Board Vice Chair at the Metro Vancouver Zero Emissions Innovation Centre, a federally seeded impact
investment fund to catalyze, accelerate and scale climate action innovation.
Ms. Lo holds a Professional Engineer designation from Engineers and Geoscientists BC, a Masters of
Science, Chemical Engineering degree from Queen’s University, and a Bachelor of Applied Science,
Chemical Engineering from the University of British Columbia. Ms. Lo is currently based in Vancouver.
About Sherritt
Sherritt is a world leader in the mining and refining of nickel and cobalt – metals essential for the growing
adoption of electric vehicles. Its Technologies Group creates innovative, proprietary soluti ons for natural
resource-based industries around the world to improve environmental performance and increase economic
value. The Corporation has embarked on a multi -pronged growth strategy focused on expanding nickel
and cobalt production by up to 20% from its 2021 totals and extending the life of mine at Moa beyond 2040.
Sherritt is also the largest independent energy producer in Cuba. Sherritt’s common shares are listed on
the Toronto Stock Exchange under the symbol “S”.
- 30 -
For more information, please contact:
Joe Racanelli, Director of Investor Relations
Telephone: 416-935-2457
Email: [email protected]
www.sherritt.com