Fuel cell system manufacturer Advent Technologies Holdings Inc. appointed its former chief investment officer Naiem Hussain as its new CFO, the company announced Jan. 11.
Hussain is replacing Kevin Brackman, who resigned from the position on Jan. 5, and brings to the position expertise in corporate finance, with a focus on IPOs, fundraisings and M&A within the energy technology and fuel cell industries.
Hussain previously served as an appointee director for Ceres Power Plc and contributed to the establishment of the fuel cell joint venture between Johnson Matthey and Anglo Platinum. He also led the initial fundraisings for Intelligent Energy Plc.
"I am thrilled to take on the role of CFO at Advent during this crucial phase for the company. Advent’s innovative fuel cell technology holds immense potential to become a crucial element in various hard-to-abate industries on their path to decarbonization,” Hussain said in the press release. “In the upcoming years, Advent is set to experience substantial growth through initiatives such as the Green HiPo IPCEI project, and I am eager to contribute my long experience in the fuel cell industry to the ongoing success and expansion of the company."
Recommended Reading
Keeping it Simple: Antero Stays on Profitable Course in 1Q
2024-04-26 - Bucking trend, Antero Resources posted a slight increase in natural gas production as other companies curtailed production.
NOV Announces $1B Repurchase Program, Ups Dividend
2024-04-26 - NOV expects to increase its quarterly cash dividend on its common stock by 50% to $0.075 per share from $0.05 per share.
Initiative Equity Partners Acquires Equity in Renewable Firm ArtIn Energy
2024-04-26 - Initiative Equity Partners is taking steps to accelerate deployment of renewable energy globally, including in North America.
Repsol to Drop Marcellus Rig in June
2024-04-26 - Spain’s Repsol plans to drop its Marcellus Shale rig in June and reduce capex in the play due to the current U.S. gas price environment, CEO Josu Jon Imaz told analysts during a quarterly webcast.
Ithaca Deal ‘Ticks All the Boxes,’ Eni’s CFO Says
2024-04-26 - Eni’s deal to acquire Ithaca Energy marks a “strategic move to significantly strengthen its presence” on the U.K. Continental Shelf and “ticks all of the boxes” for the Italian energy company.