Acting CEO of Powerhouse Energy Steps Down

By September 6, 2023 2   min read  (371 words)

September 6, 2023 |

Powerhouse Energy Main e1694007189862

Powerhouse Energy Group Plc, a company pioneering integrated technology that converts non-recyclable waste into low carbon energy, announces that, for personal reasons with immediate effect, Keith Riley has stepped down as Acting Chief Executive Officer and as a director of the Company.

Paul Emmitt, the Company’s Chief Operating Officer, has agreed to become Acting Chief Executive Officer and it has also been agreed in principle that Mr Riley will continue his relationship with the Company as a consultant. This will enable an orderly handover of Mr Riley’s responsibilities through the appointment process for Powerhouse’s new CEO and will enable the Company to continue to have access to Mr Riley’s knowledge of the Company’s business. A further announcement will be made in due course as the process progresses.

Tony Gardner-Hillman, Non-Executive Chairman of PHE, commented:

On behalf of the whole board I thank Keith warmly for his tireless work for Powerhouse. We respect Keith’s decision, after so many years of devoting himself to business, to shift his focus. Under his full-time leadership as Acting CEO the Company has made considerable progress and the foundations of a sustainable and prosperous future have been laid. We are very pleased that Keith will remain with us as a consultant so that we retain access to his immense knowledge of the Company and its business sector.”

Mr Riley will not be standing for re-election at the Company’s Annual General Meeting on 7 September 2023. The resolution for his re-election will be withdrawn.

About Powerhouse Energy Group plc

Powerhouse Energy has developed a process technology which can utilise waste plastic, end-of-life-tyres, and other waste streams to convert them efficiently and economically into syngas from which valuable products such as chemical precursors, hydrogen, electricity, heat and other industrial products may be derived.

 Powerhouse Energy’s process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.

 Powerhouse Energy is quoted on the London Stock Exchange’s AIM Market under the ticker: PHE and is incorporated in England and Wales.

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