Sparc Technologies Limited announced the appointment of Nick O’Loughlin as its new managing director, effective 29 January 2024.
This strategic move marks a significant step forward for the company as it continues to expand its presence in the renewable energy and technology sectors, the ASX-listed company said in a news release.
O’Loughlin brings a wealth of experience to his new role, having served Sparc in the capacity of general manager, Renewable Energy since January 2022.
In this role, he spearheaded Sparc’s engagement with the Sparc Hydrogen Joint Venture and led the sodium-ion battery project in collaboration with the Queensland University of Technology.
Sparc’s Executive Chairman Stephen Hunt will remain in an executive position during a transition period until 31 March 2024, after which he will assume the role of non-executive chairman.
Nick O’Loughlin boasts a robust background with over 12 years of experience in investment banking and corporate finance, having worked in prominent roles in Australia and London.
His professional journey includes serving as an associate director (Vice President) at Rothschild & Co in London, and contributing to Standard Chartered Bank’s Mining & Metals team, where he played a role in advising on various landmark transactions.
In addition to his accomplishments, O’Loughlin has recently served as the chief development officer for Battery Future Acquisition Corp, a company listed on the New York Stock Exchange (NYSE).
Notably, he has been concurrently contributing to Sparc in a part-time capacity since January 2022.
Nick O’Loughlin is an alumnus of the University of Adelaide, where he earned a Bachelor of Mining Engineering with First Class Honours and a Bachelor of Commerce.
Hunt mentioned that during O’Loughlin’s tenure with Sparc, he has demonstrated exceptional talent, and the company considers itself fortunate to secure Nick in this role.
“Sparc has a number of extremely exciting technologies to which Nick will be able to build upon and bring fresh perspectives to lead us into commercialisation,” Hunt noted.
In response to his appointment, the incoming Managing Director Nick O’Loughlin, conveyed his delight and honour.
He acknowledged Sparc Technologies’ strong position heading into 2024, emphasising the portfolio of unique technologies contributing to sustainability and environmental outcomes.
“I look forward to being able to dedicate my full focus to advancing Sparc’s technologies and delivering for our loyal shareholders,” O’Loughlin stated.