October 2, 2026 – Following thoughtful consideration, Allan Cosman, Circular Materials’ Board of Directors Chair has advised the Board of his decision to step down as Board Chair effective December 7, 2026. Allan wishes to decrease his business commitments so he can have significantly more personal time. We respect Allan’s decision and are deeply appreciative of the leadership, commitment, and strategic guidance he has provided to the organization. We look forward to his continued counsel and support as the Board advances its succession planning process.

“On behalf of the Board, I would like to thank Allan for his leadership. His contributions have been instrumental to the organization’s success, and we are grateful for his continued support as we move through this transition. The Board remains focused on ensuring continuity, stability, and strong governance as the organization continues to advance its strategic priorities,” stated Alain Brandon, Vice-Chair, Circular Materials’ Board of Directors.

“Serving as Chair of Circular Materials’ Board of Directors has been a privilege. I am incredibly proud of what we have accomplished together and the progress the organization has made in advancing its mission. While this is the right time for me to reduce my professional commitments and focus on personal priorities, I remain confident in the organization’s future and look forward to supporting a successful transition in the months ahead,” stated Allan Cosman, Chair, Circular Materials’ Board of Directors.

Over the coming months, Allan will remain as the Board Chair and have an instrumental role in supporting a successful transition to his successor. The Board has activated its succession and governance continuity processes and is committed to a thoughtful and orderly leadership transition. Working closely with the Chair and CEO, the Board will oversee the next steps in identifying and appointing a successor while ensuring ongoing stability, effective governance and continuity of strategic direction.

We are confident that, under Allan ’s continued leadership through the fall and with the Board’s focus on succession planning, the organization will continue to be well positioned for a seamless transition and success.

“I want to thank Allan for his leadership during an important period in the organization’s growth. On behalf of the leadership team and staff, I want to thank him for his dedication, guidance, and commitment. We look forward to continuing to work closely with Allan as the Board undertakes its succession process and ensures the organization remains well positioned for continued success,” stated Allen Langdon, CEO, Circular Materials.