The chairman of listed energy tech firm听Getech听Group is to be replaced amid board changes.听
Richard Bennett will join Leeds-based Getech, a provider of data, knowledge and software products to the energy industry,听as a听non-executive director and chairman designate with immediate effect.听
After a handover period,听he听will assume the听chairmanship,听with current chairman听Dr Stuart Paton听leaving the company鈥檚 board.听
骋别迟别肠丑鈥檚听market capitalisation stands at 拢12.4 million after a rally听in recent days since it signed an exclusive strategic partnership with H2 Green to create a large-scale hydrogen generation, storage and refuelling hubs network in the UK that will support both public and commercial transport fleets.
Paton has been appointed chair of H2 Green, while Getech CEO Jonathan Copus has been appointed as a H2 Green non-executive director. The partnership includes an exclusive option for Getech to buy H2 Green for up to 拢1m.
Getech’s share price is now three-times its mid-December position, reaching levels seen between 2016-2018. It had plunged to an all-time low in Q2 2020.听
During a 30-year career,听Bennett co-founded and listed J2Global, an internet telecoms business currently valued at $3.5 billion, on the Nasdaq.听听
He听has worked听in executive, chairman and non-executive roles with a series of highly successful growth-focused technology and clean energy companies, currently including the AIM-quoted wireless technology company MTI Wireless Edge.听
The firm says the听appointment is the first step in a broader board transition process听which听will align听its non-executive expertise with the听company’s strategy of leveraging skills and technologies听鈥�to support the energy transition鈥�.听
Peter Stephens will step down from听Getech’s听board with immediate effect.听
“I am delighted to welcome Richard to听Getech听and look forward to working closely with him,鈥� said CEO听Jonathan Copus.听听
鈥�As the pace of the energy transition听accelerates and our clients seek to rapidly develop low-carbon and renewable energy projects, we expect this to create substantial opportunities for听Getech.听
鈥淎s we extend听Getech’s听offering in the clean technology space and target ambitious growth, we are engaged in a process to develop the听company’s board and management team to ensure that听Getech听has the necessary skills to support our current customers and attract new ones.听听
鈥�The addition of Richard’s extensive City experience and his strong track record in growing technology, renewable fuel and agricultural companies is an important first step in this ongoing process.听
鈥淚 also want to express听Getech’s听gratitude to Peter Stephens for his outstanding contribution to the听company’s development. In 2005, Peter played a significant role in the flotation of the听company on AIM and, between 2005 and 2011, served as听Getech’s听chairman.听听
鈥�Peter’s wide-ranging business and market experience have been invaluable over the years, and we wish him the very best for the future.”听
Bennett听said:听“I very much look forward to joining my new colleagues at听Getech听as the听company embarks on its next stage of growth and expands its product proposition to support the global energy transition to a net-zero future.听听
鈥�I see great opportunity to build upon听Getech’s听success in the petroleum industry and apply its extensive data and analytical skills across multiple emerging markets including hydrogen storage and infrastructure, geothermal, digital farming and carbon sequestration.听听
鈥�I look forward to supporting the team’s ambitions and contributing to its journey.”
Energy