RED.L Regulatory News (RED)

26 Oct 2009 07:00



26 October 2009

Board Changes

The Board of the Camco Group announces the following management changes which will take place immediately.

Scott McGregor currently Chief Financial Officer will become Chief Executive assuming responsibility for Group operations and strategy. Jeff Kenna currently Chief Executive will become Vice Chairman and will provide global policy advice to the group and its clients inputting into new business creation and the identification of new business fields.

David Potter, Chairman, said "This is a planned evolution of the management team recognising Jeff's desire, as a co-founder, to step back after 20 years to focus on policy and business development. In promoting Scott, who has been with Camco since before our flotation, we will achieve our desire to pass on to the next generation of management."

The Group is currently in the process of identifying a new CFO and will make an announcement in due course.

Enquiries:

About Camco

Camco is an international leader in identifying and implementing solutions that help businesses address their climate change risks and opportunities. Camco has a 20-year track record in advisory services and one of the largest and most diversified portfolios of carbon credits, making it a premier climate change and sustainable development company.

Camco brings together the distinct but complementary service areas of Carbon Credits, Advisory and Investments to help its clients manage all aspects of their carbon risk. Camco's businesses collaborate between service groups and countries, sharing technical and commercial expertise to find the best options for its clients. 

The Carbon business unit is a leading project developer with one of the world's largest carbon credit portfolios. We partner with companies to identify, develop and manage projects that reduce greenhouse gas emissions, and then arrange the sale and delivery of carbon credits to international compliance buyers and into the voluntary market.

The Carbon business unit has also created one of the largest carbon credit portfolios by working closely with companies to identify and develop projects that reduce greenhouse gas (GHG) emissions. The team has structured ground breaking and innovative arrangements for the sale and delivery of carbon credits to compliance and voluntary buyers.

The Advisory business unit combines strategic, commercial, financial and technical expertise accrued over two decades to deliver low carbon energy and sustainable development solutions. Our experience spans emission assessments, carbon management strategies and project delivery, as well as international energy and climate change policy. 

Camco's Investment business collaborates with manufacturers, project developers, technology providers and investor groups to turn innovative ideas into commercially viable and applicable solutions that will make a difference in tackling climate change.