PureCycle Technologies appoints Dr. Siri Jirapongphan to its board and announces Jeffrey R. Fieler's departure.
Quiver AI Summary
PureCycle Technologies, Inc. announced the appointment of Dr. Siri Jirapongphan to its board of directors, effective October 28, 2025. Dr. Jirapongphan brings extensive experience, currently serving as an independent director and Chairman of the Audit Committee for Bangkok Bank PLC, and having held several key positions in Thailand, including Minister of Energy from 2017 to 2019. He holds a doctorate in chemical engineering from MIT and a bachelor's degree from Caltech. PureCycle CEO Dustin Olson expressed confidence that Dr. Jirapongphan's expertise will be vital for the company's growth, particularly as it expands globally with a new facility in Rayong, Thailand. The company also announced that Jeffrey R. Fieler has stepped down from the Board after over four years of service, with Board Chairman Dan Coombs praising his contributions and commitment.
Potential Positives
- Appointment of Dr. Siri Jirapongphan to the board enhances the company's leadership with his extensive experience in energy and technical expertise.
- Dr. Jirapongphan's background in energy and his understanding of the Thai market are expected to support PureCycle’s global expansion strategy, particularly with the upcoming international facility in Rayong.
- The press release highlights a positive transition in leadership with appreciation expressed for outgoing board member Jeffrey R. Fieler, signaling a strong company culture and continuity in governance.
Potential Negatives
- Dr. Siri Jirapongphan's appointment may not mitigate existing challenges faced by the company as it expands internationally, which could raise concerns about the effectiveness of its leadership transitions.
- Jeffrey R. Fieler's resignation from the Board could create instability or a gap in leadership at a critical time as the company scales its operations.
- Despite the positive note about new leadership, there may be underlying concerns about the company's strategic direction and execution, particularly given the departure of a key board member.
FAQ
What recent announcement was made by PureCycle Technologies?
PureCycle Technologies appointed Dr. Siri Jirapongphan to its board of directors effective October 28, 2025.
Who is Dr. Siri Jirapongphan?
Dr. Siri Jirapongphan is an experienced engineer and former Minister of Energy for Thailand, currently an independent director at Bangkok Bank PLC.
Why is Dr. Jirapongphan’s appointment significant?
His technical expertise and understanding of the Thai market will support PureCycle's global expansion and advancement of its recycling technology.
What technology does PureCycle specialize in?
PureCycle focuses on patented dissolution recycling technology that transforms polypropylene plastic waste into a renewable resource.
Who stepped down from the PureCycle Board?
Jeffrey R. Fieler stepped down after four years of service, having also served as the interim Chief Financial Officer in 2024.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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$PCT Analyst Ratings
Wall Street analysts have issued reports on $PCT in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Seaport Global issued a "Buy" rating on 10/22/2025
- Northland Capital Markets issued a "Outperform" rating on 08/27/2025
- Cantor Fitzgerald issued a "Overweight" rating on 08/08/2025
To track analyst ratings and price targets for $PCT, check out Quiver Quantitative's $PCT forecast page.
$PCT Price Targets
Multiple analysts have issued price targets for $PCT recently. We have seen 3 analysts offer price targets for $PCT in the last 6 months, with a median target of $16.0.
Here are some recent targets:
- An analyst from Seaport Global set a target price of $23.0 on 10/22/2025
- Jeff Grampp from Northland Capital Markets set a target price of $16.0 on 08/27/2025
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Full Release
ORLANDO, Fla., Nov. 03, 2025 (GLOBE NEWSWIRE) -- PureCycle Technologies, Inc. (Nasdaq: PCT), a U.S.-based company revolutionizing plastic recycling, announced today the appointment of Dr. Siri Jirapongphan to its board of directors, effective October 28, 2025.
Dr. Jirapongphan currently serves as an independent director and Chairman of the Audit Committee of Bangkok Bank PLC. Additionally, he has served as Director and Treasurer of the Petroleum and Energy Institute of Thailand Foundation and as Chairman of the board of directors of IRPC PLC. Further, Dr. Jirapongphan previously served in several roles with public commissions in Thailand and in commercial organizations, including as Minister of Energy for Thailand from 2017 to 2019. Dr. Jirapongphan received a doctorate degree in chemical engineering from Massachusetts Institute of Technology and a bachelor’s degree in chemical engineering (with Honors) from the California Institute of Technology.
PureCycle CEO Dustin Olson said, “Dr. Siri is one of the most impressive individuals I have ever met and his guidance and technical expertise will be integral as we continue to bring our dissolution recycling technology to the world. His deep understanding of the landscape in Thailand will be key to our growth as we begin our global expansion with our first international facility in Rayong.”
PureCycle also announced that Jeffrey R. Fieler stepped down from the Board after more than four years of service. Mr. Fieler also stepped in as PureCycle’s interim Chief Financial Officer for nearly three months in 2024.
PureCycle Chairman of the Board Dan Coombs said, “Jeff is one of the brightest minds I’ve been around, and his leadership on the Board has been instrumental in PureCycle’s growth over the last four years. His willingness to step in and serve as the interim CFO showed how much he cares about this company. We will be forever grateful for his time helping to lead PureCycle.”
About PureCycle Technologies
PureCycle Technologies LLC, a subsidiary of PureCycle Technologies, Inc., holds a global license for the only patented dissolution recycling technology, developed by The Procter & Gamble Company (P&G), that is designed to transform polypropylene plastic waste (designated as #5 plastic) into a continuously renewable resource. The unique purification process removes color, odor, and other impurities from #5 plastic waste resulting in our PureFive™ resin that can be recycled and reused multiple times, changing our relationship with plastic.
