Niron Magnetics Appoints Shyamli Mohamed as Chief Financial Officer to Drive Financial Strategy and Growth

MINNEAPOLIS--(BUSINESS WIRE)--Niron Magnetics, the company pioneering the world’s first high-performance, rare-earth-free permanent magnets made from Iron Nitride, announced the appointment of Shyamli Mohamed as Chief Financial Officer. In this role, Shyamli will lead Niron’s financial strategy, fundraising, and capital planning in support of the company’s rapid growth as it scales its breakthrough magnet technology.

“We are thrilled to welcome Shyamli to Niron at such an important stage of our growth,” said Jonathan Rowntree, CEO of Niron Magnetics. “Her extensive financial leadership experience across energy, technology, and renewables, combined with a proven track record in capital raising and scaling innovative companies, will be invaluable as we expand our manufacturing footprint and accelerate commercialization of our Iron Nitride magnet technology.”

Shyamli brings deep financial expertise and a strong track record in international finance leadership, business growth, and strategic execution across global public and private organizations. She has held senior leadership roles in energy, technology, telecommunications, and renewables, where she led multiple cross-finance and supply chain functions. Most recently, she served as Chief Financial Officer at Eavor Technologies Inc., a first-of-its-kind geothermal start-up.

Her extensive experience in capital raising, corporate finance, building and leading finance teams, and driving both organic and inorganic growth will be critical as Niron Magnetics scales now and into the future. Shyamli holds a Bachelor of Commerce in Accounting and Finance from the University of Bombay, is a Certified member of the Institute of Cost and Management Accountants (ICMA), and completed Executive Management studies at Harvard Business School.

“I have deep appreciation for companies developing cutting-edge technologies that address the challenges of an ever-changing landscape,” said Shyamli. “Niron is unlocking critical innovation in the production of rare-earth-free high-performance permanent magnets and advancing sustainable, scalable manufacturing. There’s a unique excitement in uncharted paths and the relentless energy it takes to build something new. I look forward to being a thoughtful partner in helping bring Niron’s technologies to the world quickly and effectively.”

With Shyamli’s leadership, Niron Magnetics is well-positioned to continue attracting investment and strengthening its financial model as it scales its innovative magnet technology and manufacturing footprint.

To learn more about Niron Magnetics, please visit https://nironmagnetics.com.

About Niron Magnetics

Niron Magnetics is scaling the world’s first advanced manufacturing process for the mass production of permanent magnets powered by its breakthrough material formulation. The company’s proprietary magnet technology based on Iron Nitride enables magnets that are inherently high magnetization, free of rare earths and other critical materials, and will drive innovation in various industries. For more information about Niron Magnetics and its technology, please visit https://www.nironmagnetics.com/.

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