NanoXplore Announces CEO Transition

Executive Summary

• NanoXplore Inc. announced that Founder and current CEO Soroush Nazarpour will step down as Chief Executive Officer effective at the company’s Annual General Meeting (AGM) in December 2025.
• Current Chief Operating Officer (COO) Rocco Marinaccio will succeed Nazarpour as CEO, bringing over 26 years of leadership experience in manufacturing and sales.
• Nazarpour will remain with the company as Vice Chairman and Founder, standing for re-election to the Board of Directors, and will serve as a special advisor to ensure continuity of leadership and technical expertise.

Key Details

• Outgoing CEO: Soroush Nazarpour, Founder, President, CEO, and Director.
• Incoming CEO: Rocco Marinaccio, currently COO, effective at the AGM in December 2025.
• Nazarpour’s New Role: Will stand for re-election to the Board of Directors as Vice Chairman and Founder; will continue to support the Board and Corporation as a special advisor.
• Marinaccio’s Background: Over 26 years of leadership experience in Manufacturing, Sales, and Operations; joined NanoXplore nearly 7 years ago; previously spent over 20 years at Martinrea International holding senior positions including General Manager and Vice President of the Flexible Manufacturing Group.
• Marinaccio’s Current Responsibilities: Oversees all aspects of operations including production, sales, engineering, purchasing, logistics, and continuous improvement initiatives.
• Board Statement: Lead Director Joseph G. Peter cited the company’s five-year plan being on track and graphene sales prospects being in the "best shape since the Corporation’s inception" as ideal timing for the transition.
• Company Context: NanoXplore is a world-leading graphene manufacturer and supplier, providing graphene powder, enhanced plastic/composite products, and silicon-graphene-enhanced Li-ion batteries for EV and grid storage markets, with facilities in Canada, the US, and Europe.

Notable Quotes

• Joseph G. Peter, Lead Director of the Board: "On behalf of the Board, I would like to thank Soroush not only for his leadership as CEO, but for being the founder and visionary behind NanoXplore... With the current five-year plan on track and prospects for graphene sales in the best shape since the Corporation’s inception, this is the ideal time to embark on a CEO transition phase."
• Soroush Nazarpour, Outgoing CEO: "Starting NanoXplore and leading it over the years has been the honour of my life. I am incredibly proud of what we have built together. It’s the right time for a leadership transition and I look forward to supporting Rocco, the team and the Board as they guide the Corporation into its next chapter."
• Rocco Marinaccio, Incoming CEO: "I am honoured to have the opportunity to lead the company going forward, together with our team. We have made some great strides, and I foresee a great future for graphene and our product offerings. It has been a pleasure to work with Soroush for many years, and we will continue to work together to build the business."