- Skycap Investment Holdings Inc. (CSE: SKY) appoints Brad Morris as CEO, while Keshav Kochhar transitions to Executive Chairman.
- The Board of Directors expands to five members with these leadership changes.
- Company approves issuance of 7,750,000 RSUs, contingent on shareholder approval for part of the grant.
Skycap Investment Holdings Inc. (CSE: SKY) has announced a significant shift in its leadership structure, appointing Brad Morris as the new Chief Executive Officer. Morris replaces Keshav Kochhar, who steps into the role of Executive Chairman on the Board of Directors. This key change expands the Board to five directors, enhancing the company's governance framework.
Brad Morris, bringing his extensive experience as a corporate lawyer specialized in corporate finance and mergers and acquisitions (M&A), has managed over $500 million in direct investments. In his previous role as General Counsel and Head of Corporate Development at a venture capital firm, Morris showed exceptional leadership in managing multiple M&A transactions. Expressing his enthusiasm, Morris stated, "I'm excited to take on the role of CEO and work alongside Keshav and the Board as we build a focused investment platform."
Keshav Kochhar, who previously led the successful sale of the company's lithium metal production business to Arcadium Lithium, will now focus on strategic initiatives and management oversight in his new capacity. His continued involvement ensures leadership continuity as the company navigates its strategic path forward.
Additionally, Skycap announced the approval of 7,750,000 restricted share units (RSUs) for its directors and officers. Notably, 3,750,000 of these RSUs are contingent on shareholder approval of an amended equity incentive plan. The RSUs are set to vest in equal one-third installments annually, beginning from their date of issuance, or they may vest immediately under certain conditions, pending regulatory approvals.
Skycap is a Canadian-based investment issuer aimed at identifying and investing in high-growth sectors. The company leverages its financial resources and market expertise to deliver sustainable value to its stakeholders through strategic and diversified investments. More detailed information about the company is available under its profile on SEDAR+.
