Monday, May 2, 2016

David Deak, LAC's new CTO working at Tesla?

Lithium Americas put out news this morning (Monday May 2, 2016) about a new executive hire.

(LINK TO NEWS)

The PR is to announce the appointment of David Deak.  Here's what it says in part:


  • VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - Lithium Americas Corp. (the "Company" or "LAC") (LAC.TO)(LACDFis pleased to announce that Dr. David S. Deak has joined the Company as Chief Technical Officer ("CTO") and Senior Vice President, and President of its subsidiary Lithium Nevada Corp. ("LNC"). Dr. Deak holds a D.Phil. in Materials Science from Oxford University and is well-known within the lithium and battery materials industry. He has diverse experience, predominantly in technology development and commercial roles. Most recently, he led strategic development projects focused on battery manufacturing and supply chain activities, including lithium supply.


When a "material event" takes place public companies are required to notify the markets, and a key executive hire certainly qualifies in my opinion.  But sometimes what isn't said is just as important (or maybe more important) than what is said.

If you research David Deak you'll find a LinkedIn profile detailing an individual by that name who has "DPhil Materials Science from Oxford", same same as referenced in Lithium America's PR.  And with the same educational background as mentioned in today's news.  I'm convinced, for obvious reasons, that the David Deak referenced in Lithium Americas news release, that he is the same David Deak attached to this LinkedIn profile:

Tesla Motors Inc.
 – Present (2 years)Palo Alto CA
Managing strategic and technical projects focused on:
- battery manufacturing, including cell component engineering and development
- analysis of upstream processing of raw materials, from mine to Gigafactory
- supply chain development, from supplier engagement and selection, to contract negotiations 

https://www.linkedin.com/in/david-deak-2900521

But what the PR doesn't say is that David Deak lists Tesla as his current employer on LinkedIn.

Avoidthebag has tweeted David Deak asking him if he is now working at both Tesla and Lithium Americas.  I will post a comment if he tweets back.

Please read the disclaimer at the bottom of this page.  I am a shareholder in LAC, and in fact added to my position during trading today (Monday May 2, 2016), so my opinions are not without bias.




1 comment:

  1. David Deak answered my tweet, here's what he said:

    David Deak ‏@DavidDeak 1h1 hour ago
    @AvoidTheBag Excited to join LAC as my sole employer. Left Tesla on good terms.

    https://twitter.com/DavidDeak/with_replies

    ReplyDelete