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Plaid Announces the Appointment of Shawn Babcock as Chief Operating Officer
Globenewswire· 2026-01-21 08:05
Core Viewpoint - Plaid Technologies Inc. has appointed Shawn Babcock as Chief Operating Officer to enhance operational efficiency and commercialization of its innovative technologies, particularly in cement additives and graphene dispersion [1][4]. Company Overview - Plaid Technologies focuses on the development and commercialization of graphene-enhanced technologies, with an initial emphasis on wellbore cement and subsurface applications [7]. Leadership Appointment - Shawn Babcock brings over nine years of senior executive leadership experience, particularly in commercializing innovative technologies relevant to construction and materials [1][2]. - His previous role as CEO of Change Agronomy involved founding and scaling a major industrial hemp company, where he developed a multi-stage agronomy and processing platform [3]. Operational Focus - As COO, Babcock will oversee daily operations, focusing on scaling and commercializing the company's cement additive and graphene dispersion technologies [4]. - His responsibilities include advancing manufacturing readiness, supply chain integration, and quality control for the ready-to-blend cement additive [4][5]. Strategic Goals - Babcock aims to transition technology from validation to large-scale adoption, ensuring compatibility with existing cement handling and mixing practices [5]. - The company anticipates that its unique graphene-infused concrete mixture will lead to significant advancements in well abandonment processes [7]. Compensation and Incentives - In connection with his appointment, Babcock has been granted 200,000 stock options at $0.60 per share and 150,000 restricted share units, with specific vesting conditions tied to performance milestones [6].