PureCycle Technologies, Inc. announced three key leadership changes effective August 5, 2022, that are expected to propel the company's transition to a leading global manufacturing and technology company. Mike Otworth, CEO of PureCycle, will resign to return to Innventure, a company he helped found. Dustin Olson, PureCycle's current Chief Operating Officer and Chief Manufacturing Officer, is being promoted to the role of CEO and joining the Board of Directors effective August 5, 2022.

Olson has been with PureCycle since 2021 leading manufacturing and operations. Dan Coombs, current member of the company Board of Directors, will be appointed, upon Mike's departure, to a newly created position of Executive Chairman of the Board of Directors. Dustin Olson has over 20 years of plastics, petrochemical and refining experience in the United States, Europe, and China.

Before joining PureCycle, he led multiple LyondellBasell commercial and operational businesses, delivering substantial growth in volume and profitability. Dan Coombs, former executive vice president for LyondellBasell and current member of PureCycle's Board of Directors, has deep industry and business experience with large new technology facility startups, and a strong background with supercritical fluids. He will provide invaluable insight to Dustin's teams through the startup and initial operations.