Agilyx Announces Appointment of New Chief Financial Officer
Beatriz Malo de Molina named new Agilyx CFO
Russell Main to join Cyclyx International, LLC. as CFO
OSLO, Norway December 15, 2020 ─ Agilyx AS (Euronext Growth (Oslo): (“AGLX”), a pioneer in the advanced recycling of post-use plastics, announced today the appointment of Beatriz Malo de Molina as Chief Financial Officer (CFO), effective January 4, 2021.
Ms. Malo de Molina will succeed current CFO Russell Main, who will be transitioning to CFO of Agilyx’s recently established feedstock management company, Cyclyx International, LLC. (“Cyclyx”).
Ms. Malo de Molina brings to Agilyx a seasoned career in investment banking, private equity, and consulting. She most recently served as Senior Vice President, Head of Mergers & Acquisitions with Orkla ASA. Prior to this role, she held several management and operational roles with Kistefos Private Equity, McKinsey & Co., Inc. in Norway, and internationally with the Goldman Sachs Group, Inc., as well as Ernst & Young. Ms. Malo de Molina currently serves on the board of directors for Nel ASA, a global supplier of hydrogen technology.
“I am pleased to welcome Beatriz to our management team,” said Tim Stedman, Chief Executive Officer at Agilyx. “Beatriz brings a distinguished career with a strong professional background in banking, strategy, and M&A. She will no doubt be integral in driving forward the success of our company.”
“I want to thank Russ for his tremendous leadership in the IPO effort and improving the support functions of our growing company and to his continued success as CFO of Cyclyx,” added Stedman.
Commenting on her position, Ms. Malo de Molina said, “I am thrilled to join Agilyx, and keen to work with such an accomplished international team in addressing the problem of post-use plastics. Agilyx is at the forefront of enabling waste plastic recycling at a commercial scale, with a view towards finding sustainable solutions for this pressing global issue.”
“I am delighted to welcome Russ to the Cyclyx leadership team and look forward to working with him to build out this organization,” said Joe Vaillancourt, President of Cyclyx. “Russ’s entrepreneurial spirit and public company finance experience will be instrumental in creating a solid financial and governance footprint to support the future growth of the company.”
A native of Madrid, Spain, Ms. Malo de Molina graduated from Georgetown University in Washington D.C., and holds a Master’s degree in Philosophy from the University of Oslo. Ms. Malo de Molina will continue to be based in Oslo, where she has been a resident since 2006.
Agilyx (AGLX), is a pioneer in the advanced recycling of difficult-to-recycle post-use plastic streams. With Agilyx's chemical recycling technology and intelligent feedstock management system, mixed plastic waste can be converted to new virgin-equivalent plastics, as well as chemical products and fuels – creating the opportunity for true circularity. The company has not only developed these first-to-market products but has also developed a feedstock management company Cyclyx International, LLC. and is working with many waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop advance recycling solutions for mixed waste plastics. Contact us to have your plastic waste streams recycled at email@example.com. For more information, follow us on social media and visit us at www.agilyx.com.
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