Patriot Battery Metals (TSX: PMET) has seen its former CEO, Blair Way, continue to make a slow exit from the company. Way has now ‘retired’ from the role of chief operating officer of the company.
Way’s retirement comes less than six months after he was transitioned out of the role of CEO, following the appointment of non-executive chair Ken Brinsden to the role of CEO, president and managing director in late January. At the time, the decision was said to be based on the need for a Quebec-based key leadership team, given the success that Patriot has seen in the James Bay region of the province.
At the time of his transition to COO, Way maintained an executive position on the firms board of directors. On a go-forward basis, he will now continue to serve on the board as a non-executive director, while providing advisory services on a consulting basis to Patriot.
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“Blair’s tireless efforts and leadership have been instrumental in the success of the Company to date, growing from a sub $10 million market cap in late 2020 to now being one of the leading lithium raw materials development projects globally,” commented Brinsden on Way’s departure, which is being labeled as a retirement.
Patriot Battery Metals last traded at $5.20 on the TSX.
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