Loop Industries (LOOP) Announces CFO Transition

Loop Industries, Inc. (Nasdaq: LOOP) today announced a transition in the position of CFO. This change is announced in conjunction with other operational and strategic initiatives which are communicated today in a separate press release.

Effective December 30, 2022, Drew Hickey will leave the Company to pursue other opportunities and Nicolas Lafond is appointed Interim Chief Financial Officer, while the Company evaluates its longer-term needs for this role as it pursues the next stage of its strategic development.

Mr. Lafond currently serves as the Company's Director of Finance. Mr. Lafond is a Canadian CPA who joined Loop from public accounting in 2017. During his tenure with Loop, Mr. Lafond has assumed increasing responsibilities within the Company, including corporate affairs and Board matters in addition to financial reporting. Loop's Finance department is also well supported by Mike De Notaris, Vice President Corporate Development.

Daniel Solomita, Loop's Founder and CEO, and the entire Board of Directors wish to express their full confidence in Mr. Lafond in his new role and thank Drew Hickey for his contributions to the Company.

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