– IRELAND, Cork / SPAIN, Barcelona – EQTEC plc (AIM:EQT), the technology solution company for waste gasification to energy projects, announces the following Directorate changes following the completion of the acquisition of Eqtec Iberia SL, an engineering company specialising in the design, construction, operation and maintenance of power plants.
Luis Sánchez Angrill has been appointed Chief Executive Officer and Michael Gerard Madden will assume the role of Finance Director. Ian Phares Pearson has been appointed non-executive Chairman, and Neil Christopher O’Brien and Óscar Leiva Mendez have been appointed as non-executive Directors. Dermot O’Connell has retired as Director and Non-Executive Chairman of the Company and Brendan Halpin has retired as Director and Company Secretary of the Company.
About Ian Pearson – Non-Executive Chairman
Ian was for five years the chairman of AIM listed OVCT2, a company which invested in a variety of renewal energy companies and was successfully merged into Apollo VCT plc last year. He is currently a Non-Executive Director of Thames Water Utilities Limited, the UK’s biggest water company with 15 million customers, and is Chairman of CODE Investing Ltd. He is also a senior adviser to BAI Communications plc and has previously been a member of the UK Advisory Board of the accountants, PwC. During a distinguished Ministerial career from 2001-10 Ian Pearson held a number of positions, including Minister for Trade & Foreign Affairs, Minister of State for Climate Change and the Environment, Minister for Science, and Economic Secretary to the Treasury. He graduated from Balliol College, Oxford and has a Master’s degree and a Doctorate in Industrial and Business Studies from the University of Warwick.
About Neil O’Brien – Non-Executive Director
Neil O’Brien is an experienced manager and director in the UK energy sector holding a number of non-executive roles in both listed and private equity backed businesses. Prior to taking on non-executive positions, Neil was CEO at the UK listed independent power producer, Alkane Energy, where Neil oversaw expansion in its core coal mine methane business and expansion into the UK power response market. Neil qualified as a chartered accountant at Coopers & Lybrand and held a number of finance roles including senior positions in both Blue Circle Cement European Heating Division and in CAMAS plc before becoming Finance Director with Speedy Hire PLC.
About Óscar Leiva – Non-Executive Director
Óscar Leiva is currently the President and founder of EBIOSS, a technology group operating in the waste sector, and listed on the Spanish Stock Exchange. The group has during the last ten years invested in new technologies and companies that allow municipalities to solve their waste problem using smart waste collection and waste elimination technologies provided by EBIOSS. He studied a Bachelor’s degree in Management and Master’s degree in Financial Markets at the University of Barcelona. Oscar has held executive positions in private banking in different financial entities such as Credit Suisse Group and Banco Finantia. His international experience also comes from his role as Vice President of the Marina D’Or Group, a real estate developer and property company.
About Luis Sanchez – Chief Executive Officer
Luis qualified as a power engineer at the Polytechnic University of Catalonia (Barcelona-Spain). Luis began his professional career at Sulzer Infra (now ENGIE) as HVAC (“Heating, Ventilation and Air Conditioning”) and CHP Project developer. He has had several executive and management positions in the energy business until he founded Eqtec Iberia in 1997, starting a thermo-gasification R&D programme which is the origin of the unique Eqtec Gasifier Technology, patented by Eqtec Iberia. In 2012 he was one of the founders of EBIOSS and became its CEO. EBIOSS is a holding company developing biomass and waste power plants, listed on the Spanish Stock Exchange since July 2013.
About EQTEC plc
EQTEC’s business model will involve sourcing and providing assistance in developing waste elimination projects to which it will ultimately sell its Eqtec Gasifier Technology (“EGT”) and O&M services. EGT enables project developers to construct waste elimination plants converting the waste into electrical and thermal energy. The high energy efficiency also provides project developers with a competitive advantage allowing them to quote more competitive gate fees for the waste supply.
EQTEC will source projects that have a local supply of waste in need of conversion. It will build relationships and bring together the developers, the waste owners, the building contractors and funders and provide the technology and engineering services to the projects. Furthermore, the Enlarged Group will provide O&M services to the operating projects generating recurring revenues over the life of the projects.
For more information : http://www.eqtecplc.com
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