CHICAGO Richard Boudreault has stepped down as president and chief executive officer of Orbite Aluminae Inc. and resigned from its board of directors.
The Montreal-based company, which aims to produce alumina from aluminous clay rather than traditional bauxite, said in a press release that Boudreault had been replaced by Glenn Kelly, previously executive vice president and chief operating officer. It added that Boudreault would remain available to the company as a consultant.
No reason was given for Boudreaults departure, and the company did not respond to requests for comment.
In a separate press release, Orbite said that Quebec had approved a Canadian $10-million ($9-million) investment in the company from Investissement Québec, a provincial development corporation. "We are honored to have the government of Quebec as a major shareholder in Orbite, and their investment will be used towards the completion of our (high-purity alumina) production facility," Kelly said in a statement.
Orbite is working to build a high-purity alumina facility in Cap-Chat, Quebec, that will use aluminous clay, or "red mud," as a feedstock. Red mud is a caustic by-product of traditional aluminum production (amm.com, Nov. 15).