MONOLITH NAMES VICE PRESIDENT OF FINANCE

Lincoln, NE

James Premkumar Will Provide Critical Analytical Support for Corporate Strategy, Capital Markets and Project Development

Monolith, a global leader in advanced sustainable carbon black and hydrogen manufacturing, recently promoted James Premkumar to Vice President of Finance. Since joining the team in 2019, Premkumar has exemplified the company’s core values, especially Decisions Drive Results, while overseeing capital markets. In his new role, Premkumar will oversee a team managing strategic planning, investor relations, financial analysis, project development and fundraising efforts.

“Over the past five years, James has continued to impress us by delivering a consistent, impressive execution of financial strategy, and we are thrilled to have him on the leadership team,” said Rob Hanson, cofounder and CEO, Monolith. “James understands the extra effort needed when presenting a new technology to the market and he’s built highly successful strategies to help investors recognize our unique value and future potential.”

Since joining Monolith, Premkumar has been instrumental in execution, negotiation, coordination, and development of several financial projects and contracts. Specifically, James has served critical roles in the 2022 funding round of over $300 million, 2021 close of the Department of Energy loan, and ongoing leadership for several commercial contracting projects. This includes executing on the engineering, procurement and construction (EPC) contract for Monolith’s Olive Creek 2 facility, which is an expansion of Olive Creek 1, the first-of-its-kind commercial-scale carbon black production facility in the world.

Prior to joining Monolith, Premkumar worked in finance roles for a multi-billion-dollar LNG and pipeline project development company and for a North American private equity firm, investing $2+ billion in energy companies. Premkumar began his career at RBC Capital Markets working in the Global Energy Group. He earned his Bachelor of Commerce in Finance and Bachelor of Science in Chemical Engineering from the University of Calgary and a Master of Management from Harvard University. He is a registered Professional Engineer and a CFA Charterholder.

“Monolith is making a lasting impact on the environment with an innovative approach,” said James Premkumar. “It’s an honor to contribute to the company’s growth and success by working with investors and stakeholders to introduce our proprietary technology to new audiences.”

About Monolith

Monolith is a next-generation cleantech company that uses clean energy to power a commercial-scale proprietary plasma pyrolysis process that electrifies the production of carbon black and hydrogen, resulting in substantial environmental advantages. Monolith is backed by Azimuth Capital Management, Cornell Capital LLC, Decarbonization Partners, Elda River Capital Management, LLC, Imperative Ventures, Mitsubishi Heavy Industries America, NextEra Energy Resources, LLC, Perry Creek Capital LP, SK Inc., TPG Rise Climate and Warburg Pincus. For more information on Monolith, visit www.monolith-corp.com.

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