EQTEC plc, the technology solution company for waste gasification to energy projects, has appointed Ian Joseph Price as the new CEO of the company with immediate effect.
Price comes from a background in waste and renewables and the development of low carbon energy assets using refuse derived fuels where he has a successful track record of managing and executing transactions. His skills and experience are expected to be specifically relevant to EQTEC as it executes its project pipeline.
Price has had a career spanning over 20 years, mainly in the waste and renewables sectors. His career has included being Director of Commercial Services for Covanta Energy and a Director of KSP Renewables Limited, a company which specialises in the development of merchant energy from waste (EfW) plants in the UK focusing on using refuse derived fuel (RDF) from commercial and industrial waste sources. Ian also held management and operations roles at Biffa, FCC Environment, Veolia and Sita (Suez).
He currently serves as a Non-Executive Director of West Wind Ventures Limited which is also involved in waste and renewables in an advisory capacity. Price’s previous roles have given him financial and management experience working across the renewable energy, recycling and waste sectors.
Price graduated from the University of Manchester and holds an MBA from the University of Bath. He is also a member of the Chartered Management Institute.
Ian Price commented,“I am looking forward to taking on the role of CEO at EQTEC at a time of tremendous opportunity. The challenge of increased global consumption leading to more and more waste coupled with an increasing need for sustainable energy is creating a highly receptive environment for our waste conversion technology. I look forward to driving the strategic development of the business including adding value and synergies through a number of potential acquisitions with the support of all of our stakeholders.”
As part of an agreed restructuring the Board has also announced that Neil O’Brien is stepping down from the Board with immediate effect. Luis Sanchez is stepping down as CEO and will continue with a senior executive role on the Board. Further board changes will be announced in due course.
The company confirms that it has fulfilled the conditions subsequent under the loan facility entered into on 5th July 2018, relating to the implementation of changes to the composition of the Board of Directors of the company and the formulation and approval of a growth optimisation plan.