PureCycle Technologies, Inc. announced three leadership changes, effective August 5, 2022.

  • Mike Otworth, chairman of the Board of Directors and CEO of PureCycle, will resign to return to Innventure, a company he helped found. 
  • Dustin Olson, PureCycle’s current chief operating officer and chief manufacturing officer, is being promoted to CEO and joins its Board of Directors effective August 5. Olson has been with PureCycle since 2021, leading manufacturing and operations. 
  • Dan Coombs, a member of PureCycle’s Board of Directors, will be appointed to a newly created position of executive chairman of the Board of Directors, effective August 5.

Otworth said, “I am an entrepreneur at heart and am excited to see PureCycle’s progress over the last seven years. Taking PureCycle from an early concept to a publicly-traded company has been an honor. We successfully added deep operational experience to our Board and management team to drive the execution of our business plan. Dustin has proven to be effective, eager and has an unprecedented work ethic. Dustin will lead this team and company into the next phase and make PureCycle teams past and present proud.”

Olson has over 20 years of plastics, petrochemical and refining experience in the U.S., Europe and China. Before joining PureCycle, he led multiple LyondellBasell commercial and operational businesses.

Dan Coombs, former executive vice president for LyondellBasell, has deep industry and business experience with tech startups and supercritical fluids. He will provide insight to Dustin’s teams through the startup and initial operations.