TIDMEQT
RNS Number : 0146H
EQTEC PLC
01 December 2020
1 December 2020
EQTEC plc
("EQTEC", the "Company" or the "Group")
Appointment of Chief Operating Officer
EQTEC plc (AIM: EQT), a world leading gasification technology
solutions company for waste-to-value projects, announces that, with
immediate effect, Jeffrey (Jeff) Vander Linden has been appointed
to the EQTEC Board of Directors in the role of Strategy &
Operations Director and Chief Operating Officer ("COO"). The newly
defined role will focus on establishing project execution and
business management disciplines, growing EQTEC's partner ecosystem
and strengthening EQTEC's operational platform to scale its
business through 2021 and beyond.
Jeff has been working with EQTEC since July 2020 in a consulting
capacity, most recently as interim COO. Prior to that, he worked as
a senior advisor and programme lead to global corporations
transforming operations and building scale. He was the Global
Director of Strategy and Demand for Global Business Services at AB
InBev, the global beverage company, and was Head of Organisation
Development for SABMiller Procurement. In both roles, he designed
and implemented scale operations in complex delivery environments
across geographical, regulatory and cultural boundaries, delivering
improved performance, growth and innovation. Prior to these roles,
Jeff spent 16 years as an IT and business change leader at
Capgemini, IBM and PwC. His clients included NTT, NEC, AT&T,
Motorola, BAE Systems and National Grid as well as a number of
other private and public-sector organisations. Jeff is a dual US/UK
citizen and lives in London.
Ian Pearson, Chairman of EQTEC, said: "We are delighted to
welcome Jeff to the Board of EQTEC, who has already engaged closely
with all of us. His experience, know-how and passion for effective
and timely execution are significantly benefiting the Company's
business planning and ways of working. We look forward to Jeff
stretching our thinking and growing EQTEC's reach, impact and
delivery excellence, which we expect will further enhance value to
our business and shareholders alike."
David Palumbo, Chief Executive Officer of EQTEC, said: "It is
hugely satisfying to have Jeff appointed to the Board to do what I
believe he does best: design a 'future proof', resilient and
dynamic organisation for scale. This, for us at EQTEC, is another
clear statement of intent and his impact is already being felt by
everyone on the team. The COO role is critical for EQTEC as we
transition from a growing innovation leader to a high-growth,
multi-market technology leader. I am happy to report that Jeff's
involvement with EQTEC is significantly accelerating this
transition as we position EQTEC to lead the growing gasification
industry with the successful execution of projects and business
plans, which, I am confident, will in turn deliver further
shareholder value."
Jeff Vander Linden, Chief Operating Officer of EQTEC plc, said:
"I am very excited to join a great technology company with so much
capability yet to be discovered by many. Like the rest of the
Board, I believe strongly in our mission and see massive global
potential for EQTEC. With discipline and focus, I intend to ensure
that we make the most of it. "
Director Disclosures
Further disclosures in relation to Jeff's appointment to the
EQTEC Board, pursuant to Schedule Two, paragraph (g) (i)-(viii) of
the AIM Rules for Companies, appears below.
Jeffrey Scott Vander Linden (aged 52)
Current Directorships / Partnerships Past Directorships / Partnerships
Morichella Associates Limited N/A
The Pavillion Tollington Place
Limited
Five Beatty Road Stoke Newington
Limited
Jeff holds 2,633,288 ordinary shares in EQTEC, representing 0.04
per cent. of the Company's issued share capital.
There is no further information to be disclosed in relation to
Jeff's appointment pursuant to AIM Rule 17 or Schedule Two
paragraph (g) of the AIM Rules for Companies.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
ENQUIRIES
EQTEC plc +353 (0)21 2409 056
David Palumbo / Gerry Madden
Strand Hanson - Nomad & Financial Adviser +44 (0) 20 7409 3494
James Harris / James Dance / Jack Botros
Arden Partners - Broker
Paul Shackleton (Corporate) / Simon Johnson
(Sales) +44 (0) 20 7614 5900
Maitland/AMO - Strategic Communications &
PR/IR adviser +44 (0) 20 7379 5151
James Benjamin/Rhys Jones EQTEC-maitland@maitland.co.uk
About EQTEC plc
EQTEC is a world leading gasification technology partner with
proven proprietary patented technology for cost effective
waste-to-value applications.
EQTEC designs and supplies advanced gasification solutions that
have a higher efficiency product offering and are modular and
scalable from 1MW to 25MW. EQTEC's solutions are independently
proven to process over 50 different types of feedstock, including
municipal waste, agricultural waste, biomass and plastics with no
hazardous waste or toxic emissions . EQTEC's solutions produce a
uniquely pure high-quality synthesis gas (syngas), that is capable
of being used for the widest applications in the creation of
energy, hydrogen and biofuels.
Proprietary technology design together with deployment and
maintenance capabilities mitigate the risks when using third party
equipment. EQTEC's Technology Integration capabilities enable the
Group to lead collaborative ecosystems that build sustainable,
waste elimination and green energy infrastructure.
The Company is quoted on AIM (ticker: EQT) and the London Stock
Exchange awarded EQTEC the Green Economy Mark that recognises
listed companies with 50% or more of revenues from
environmental/green solutions.
Further information on the Company can be found at
www.eqtecplc.com .
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