– USA, CA – Clean Energy Fuels Corp. (Nasdaq:CLNE) today announced that it has added two senior executives from Total S.A. (EPA:TOTF) to its Board of Directors. The appointment of Momar Nguer, President of Total Marketing Services S.A. (TMS), a wholly owned subsidiary of Total, and Philippe Montantême, Senior Vice President, Strategy Marketing Research of TMS, is effective immediately.
Total, one of the largest energy companies in the world, purchased a 25% stake in Clean Energy through Total Marketing in June of this year.
Clean Energy also announced that the co-founder of the company, T. Boone Pickens, notified the board that he has decided to retire as a director as part of his recent curtailment in his business activity. The board of directors voted to designate Mr. Pickens Director Emeritus, which will entitle him to attend future Board meetings.
“Clean Energy is incredibly fortunate to have had the entrepreneurial leadership for the last 23 years of one of history’s great wildcatters in Boone. His vision in the establishment of and continued contribution to Clean Energy and its successes is hard to measure,” said Andrew J. Littlefair, president and CEO of Clean Energy. “But as the company has moved into its own leadership position in the alternative fuel market, we will benefit greatly from the guidance and counsel of two seasoned executives of one of the world’s most visionary energy companies in Momar and Philippe.”
“There remains no greater believer in the potential of natural gas as a heavy-duty fuel than me,” said Pickens, who turned 90 earlier this year. “I’m grateful for the recognition Clean Energy has given me. This transition to Director Emeritus will allow me to more fully focus on recovering from some recent health setbacks. I plan on staying involved with the company. In stepping back a bit, I’m confident in the company’s great leadership and that its new partnership with Total will be pivotal to its long-term success.”
“As a global energy player, Total is particularly excited by the role natural gas is playing in transportation, particularly the heavy-duty market,” said Mr. Nguer. “Philippe and I look forward to working with our fellow Clean Energy Board members and its executive team to deepen the relationship so that we can leverage the strengths of the two companies to grow the natural gas fueling market.”
Mr. Nguer currently serves as President of TMS and as a member of the Executive Committee of the Total group of companies (referred to as the Total Group). He joined the Total Group in 1984, serving in various downstream positions. Mr. Nguer was appointed to his current positions with Total and TMS in April 2016. He has also served as a member of the Total Group’s Performance Management Committee since January 2012, and Chairman of the Group Diversity Council since August 2015. Mr. Nguer received a Master in Public Law from the University of Paris and a MBA from ESSEC Business School.
Mr. Montantême currently serves as Senior Vice President, Strategy Marketing Research of TMS. He joined the Total Group in 1984 and served in various operational positions in France and Africa. In July 2013, he was appointed to his current position with Total Marketing. He graduated as a Chemical Engineer from the École Nationale Supérierure de Chimie in Toulouse and also holds an MBA from the EM Lyon Business School.
About Clean Energy
Clean Energy Fuels Corp. is the leading provider of natural gas fuel and renewable natural gas (RNG) fuel for transportation in the United States and Canada, with a network of approximately 530 stations across North America that we own or operate. We build and operate compressed natural gas (CNG) and liquefied natural gas stations (LNG) stations and deliver more CNG, LNG and RNG vehicle fuel than any other company in the United States. Clean Energy sells Redeem™ RNG fuel and believes it is the cleanest transportation fuel commercially available, reducing greenhouse gas emissions by up to 70%. Clean Energy owns natural gas liquification facilities in California and Texas which produces LNG for the transportation and other markets.
For more information, visit www.CleanEnergyFuels.com
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