OPAL Fuels Announces Appointment of Jim Martell to its Board of Directors
13 July 2023 - 6:20AM
Business Wire
New director brings decades of global freight
and transportation experience to enhance Board expertise
OPAL Fuels Inc. (Nasdaq: OPAL), a leading vertically integrated
producer and distributor of renewable natural gas (RNG) and
renewable energy, announced that Jim Martell has been appointed to
serve on its Board of Directors and Audit Committee, effective June
28, 2023.
“Jim is an accomplished transportation industry leader whose
broad skillset and talents will help us drive greater impact as we
continue to expand RNG production and supply heavy duty
transportation fleets with a fuel source that’s cleaner than fossil
fuels at no additional cost,” said Mark Comora, Chairman of OPAL
Fuels’ Board of Directors. “We are excited to welcome Jim’s unique
leadership background and transportation industry relationships to
our Board.”
Jim is a logistics veteran with 40 years of industry experience,
previously serving as Chairman and Chief Executive Officer of
Express-1, the predecessor company of XPO Logistics, Inc., a
company engaged in freight logistics. Jim served on the XPO Board
until 2016. Jim joined Express-1 after serving as Chief Executive
Officer of SmartMail, which was acquired by DHL International GmbH,
from 1999 to 2006. Before that, Jim was a founding senior executive
of UTi Worldwide, a global transportation and logistics company,
which he managed from 1995 to 2000. Prior to UTi Worldwide, Jim
spent nearly 14 years in various management positions at FedEx and
UPS. Jim has served on the Boards of multiple private logistics and
transportation companies and previously served on the Boards of
publicly traded companies Stericycle, Inc. from 2020 to 2022, and
Mobile Mini, Inc. from 2010 to 2020.
“RNG is today’s optimal solution to displace diesel for
heavy-duty truck fleets, with its clear sustainability benefits
that come at no extra cost,” said Mr. Martell. “I am delighted to
join the OPAL Fuels Board and believe my work in fleet management,
global supply chains, and business development will lend itself
well to the company’s efforts to expand cost-effective renewable
energy solutions that enable customers to achieve net-zero now and
improve their bottom line at the same time.”
About OPAL Fuels Inc. OPAL Fuels Inc. (Nasdaq: OPAL) is a
leading vertically integrated producer and distributor of renewable
electricity and renewable natural gas (RNG), a proven low-carbon
energy source that is rapidly decarbonizing multiple sectors
including the transportation and utility industries. OPAL Fuels
delivers complete renewable solutions to customers and production
partners. With a portfolio of 24 operating renewable fuel and
renewable power projects, OPAL Fuels is positioned to advance the
clean energy transition in support of renewable fuel for
transportation, for utilities, for powering EV charging
infrastructure, and by offering hydrogen fuel solutions. To learn
more about OPAL Fuels and how it is leading the effort to capture
North America’s harmful methane emissions and decarbonize the
economy, please visit www.opalfuels.com.
Forward-Looking Statements Certain statements in this
communication may be considered forward-looking statements within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are statements that are not historical facts and
generally relate to future events or OPAL Fuels’ (the “Company”)
future financial or other performance metrics. In some cases, you
can identify forward-looking statements by terminology such as
“believe,” “may,” “will,” “potentially,” “estimate,” “continue,”
“anticipate,” “intend,” “could,” “would,” “project,” “target,”
“plan,” “expect,” or the negatives of these terms or variations of
them or similar terminology. Such forward-looking statements are
subject to risks and uncertainties, which could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements. New risks and uncertainties may
emerge from time to time, and it is not possible to predict all
risks and uncertainties. These forward-looking statements are based
upon estimates and assumptions that, while considered reasonable by
the Company and its management, as the case may be, are inherently
uncertain and subject to material change. Factors that may cause
actual results to differ materially from current expectations
include various factors beyond management’s control, including but
not limited to general economic conditions and other risks,
uncertainties and factors set forth in the sections entitled “Risk
Factors” and “Cautionary Statement Regarding Forward-Looking
Statements” in the proxy statement/prospectus filed on June 21,
2022, in connection with our Registration Statement on Form S-4,
and other filings with the Securities and Exchange Commission.
Nothing in this communication should be regarded as a
representation by any person that the forward-looking statements
set forth herein will be achieved or that any of the contemplated
results of such forward-looking statements will be achieved. You
should not place undue reliance on forward-looking statements in
this communication, which speak only as of the date they are made
and are qualified in their entirety by reference to the cautionary
statements herein. The Company expressly disclaims any obligations
or undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company’s expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
Disclaimer This communication is for informational
purposes only and is neither an offer to purchase, nor a
solicitation of an offer to sell, subscribe for or buy, any
securities, nor shall there be any sale, issuance or transfer or
securities in any jurisdiction in contravention of applicable law.
No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230710225337/en/
Investors Todd Firestone Vice
President Investor Relations and Corporate Development 914-705-4001
investors@opalfuels.com
Media Jason Stewart Senior Director
Public Relations and Marketing 914-421-5336
jstewart@opalfuels.com
ICR, Inc. OPALFuelsPR@icrinc.com
OPAL Fuels (NASDAQ:OPAL)
Historical Stock Chart
From Dec 2024 to Jan 2025
OPAL Fuels (NASDAQ:OPAL)
Historical Stock Chart
From Jan 2024 to Jan 2025