– UK, London – European Green Transition (LON: EGT), a company developing green economy assets in Europe, announced the appointment of co-founder and largest shareholder Cathal Friel as non-executive Chairman with immediate effect.
About Cathal Friel
Cathal Friel is a seasoned serial entrepreneur with over 20 years’ experience in corporate finance and M&A. Cathal was previously Chair of hVIVO plc, where in 2019 he completed the acquisition and integration of two loss-making businesses (Venn Life Sciences plc and hVIVO plc), transforming them into a strong, profitable, and cash-generative company with revenue increasing by 181% and Group EBITDA growing from a loss of £6.7 million to a profit of £16.4 million. Before hVIVO, he co-founded Amryt Pharma plc, which listed on the London Stock Exchange in 2016 and dual dual-listed on Nasdaq in 2020 and was later sold to Chiesi Farmaceutici for $1.48bn in 2023. Cathal is also co-founder and Chairman of Poolbeg Pharma plc, a publicly listed biopharmaceutical company which was demerged from hVIVO plc in 2021, and is Managing Director of Raglan Capital, which he founded in 2007.
Cathal Friel co-founded EGT in 2021, listed it on AIM in April 2024, and is its largest shareholder. He has been critical in shaping EGT’s strategy, moving away from exploration and mining to focus EGT on acquiring revenue-generating businesses. Cathal will bring his extensive experience in successfully growing public companies through M&A, as EGT focuses on transitioning into a profitable, cash-generative company.
About European Green Transition plc
European Green Transition plc is a business operating in the green transition space in Europe. EGT intends to capitalise on the opportunities created by Europe’s transition to a green, renewables-focused economy and plans to expand its existing portfolio of green economy assets through M&A, targeting revenue-generating businesses that support the green transition.
For more information: https://www.europeangreentransition.com/
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.