PureCycle adds to board of directors

PureCycle, Orlando, Florida, has announced the appointment of two members to its board of directors: Steven F. Bouck, former president of Waste Connections Inc., The Woodlands, Texas, and Allen Jacoby, chief strategy officer and senior vice president of corporate development for Milliken & Co., Spartanburg, South Carolina.   

Together, Bouck and Jacoby bring more than 50 years of experience to the board and will help PureCycle continue to advance its mission and business objectives.  

"We are thrilled to expand our board with the addition of Allen and Steven who will bring deep industry and recycling knowledge to our bench,” says Mike Otworth, chairman of the board and CEO of PureCycle. “We have worked hard to ensure our board represents the different experiences within our industry, and our two new members are no exception. They are both proven and successful leaders and will serve PureCycle well." 

Bouck has worked for Waste Connections for more than 20 years, serving first as its chief financial officer and then as president until his departure in 2018. Before joining Waste Connections, he developed financial services experience, focusing on the environmental industry, through his roles with First Analysis Corp. Bouck currently does not serve on any other public company boards.    

"I am grateful and excited for the opportunity to join PureCycle's Board of Directors,” Bouck says. “Being connected to an innovative and entrepreneurial organization is an exciting new challenge, and I look forward to bringing my finance and environmental experience to this top-notch team."  

Jacoby has more than 30 years of leadership experience serving in top roles in research and development, manufacturing, strategy, and finance within the plastics and technology industries. He has spent 19 years at Milliken, working his way from business manager to his current role as chief strategy officer and senior vice president of corporate development. Jacoby currently does not serve on any other public company boards.  

"I am ready to roll up my sleeves and begin working with my fellow board members to achieve PureCycle's overall mission of revolutionizing plastic waste into a renewable resource,” Jacoby says. “PureCycle is a leader in the plastics recycling technology space, and I look forward to helping guide the company through commercialization."   

PureCycle also announced the resignation of Richard Brenner from PureCycle's board of directors. Brenner submitted his resignation from the board to focus more time on his increasing business obligations outside of PureCycle. Brenner was appointed an inaugural member of PureCycle's public company board in March 2021.  

"We are incredibly thankful for Rick's service and longstanding commitment to PureCycle,” Otworth says. “We have benefitted significantly from the leadership and insight he brought to the board. Rick has been a positive force from the creation of our company to listing as a public company and we are grateful for his contributions."  

With the two new appointments and Brenner's resignation, PureCycle says its board is comprised of eight members, six of whom have been deemed independent under NASDAQ listing rules.