Last checked at 10 Aug 2022 07:00
Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy
10 August 2022
Active Energy Group Plc
("Active Energy" or the "Company")
Directorate change
Active Energy, the international biomass based renewable energy business, announces that Andrew Diamond will be stepping down as the Company's Chief Financial Officer. Andrew has agreed to remain in the role and as a member of the management team until mid-December 2022 in order to provide business continuity whilst a suitable replacement is identified. The Board has commenced the process to identify a replacement and further announcements will be made in due course.
Michael Rowan, CEO of Active Energy, commented:
"I would like to thank Andrew for his contribution to the development of Active Energy's business in the last 18 months and the team wish him well for the next chapter of his career.
"We have commenced the search for a new Chief Financial Officer who can assist with the strategic business planning and have the know-how of growing the business in the US and Canada."
Enquiries
Active Energy Group Plc | Michael Rowan (Chief Executive Officer) | info@aegplc.com |
Allenby Capital Limited Nominated Adviser and Broker | Nick Naylor / James Reeve / Freddie Wooding (Corporate Finance) Amrit Nahal (Sales/Corporate Broking) | Office: +44 (0)20 3328 5656 |
Camarco Financial PR Adviser | Tom Huddart / Emily Hall / Georgia Edmonds | aeg@camarco.co.uk Office: +44 (0)20 3757 4980 |
About Active Energy
Active Energy Group plc is a London listed (AIM: AEG) renewable energy company focused on the production and development of next generation biomass products that have the potential to transform traditional coal fired power and heavy industries and the existing renewable biomass industry.
AEG has developed a proprietary technology platform which transforms waste biomass material into high-value renewable fuels. Its patented product CoalSwitch® is a leading drop-in biomass renewable fuel that can be co-fired with coal, completely replace coal as an alternative feedstock without requiring significant plant modifications or wholly replace existing biomass feedstock resources.
Active Energy Group's immediate strategic focus is the production and commercialisation of CoalSwitch®. CoalSwitch® is a registered trademark belonging to Active Energy Group plc.