Zentek CEO Greg Fenton Resigns for New Role, Board Undergoes Major Changes
Toronto, Wednesday, 3 September 2025.
Greg Fenton steps down as CEO to lead Altek Advanced Materials Inc. in the U.S., while Zentek restructures its Board of Directors to focus on strategic growth and innovation.
Leadership Transition at Zentek
On 2 September 2025, Zentek Ltd. (Nasdaq: ZTEK) announced the resignation of its CEO, Greg Fenton, who has taken a new strategic leadership role as the full-time CEO at Altek Advanced Materials Inc., a private company based in the United States [1][2]. This transition is part of a broader strategy aimed at enhancing Zentek’s operational focus and market position in the North American market [1].
Strategic Partnership with Altek
In conjunction with Fenton’s move, Zentek has entered into a binding letter of intent (LOI) with Altek to negotiate non-exclusive licensing agreements for its technologies, including ZenGUARD™ [1]. The agreement outlines an initial five-year licensing term, with an option to renew for an additional five years, and includes royalties ranging from 5% to 8% of net sales [1]. Altek will manage manufacturing and commercialization within the U.S., while Zentek retains ownership of its intellectual property [1].
Board of Directors Restructuring
Zentek has also announced significant changes to its Board of Directors. Ilse Treurnicht has resigned from the Board but will continue to contribute as a member of the Zentek Advisory Board [2]. Meanwhile, John Snisarenko has been appointed as the Secretary of the Company and Chair of the Corporate Governance, Compensation and Nominating Committee [2]. These changes are seen as pivotal to aligning Zentek’s leadership with its strategic growth objectives.
Upcoming Shareholder Meeting
Zentek has scheduled its Annual and Special Meeting of Shareholders for 15 September 2025, where further board nominations will be discussed [3]. This meeting is crucial as the company seeks to solidify its direction and governance framework in alignment with its restructuring efforts [3]. The Company has also announced plans to amend and re-mail proxy voting information ahead of this meeting [2].