By Rhea Healy2016-10-31T10:07:00+00:00
MagneGas Corporation, a waste-to-energy company that coverts liquid waste in a hydrogen (H2) based fuel, has appointed a new Chief Financial Officer (CFO), declaring that the new addition brings significant merger and acquisition (M&A) experience.
Scott Mahoney, a “seasoned oil and gas executive,” has also been appointed as the US-based corporation’s Secretary of the Company, with both roles effective as of 1st December, 2016.
Source: MagneGas Corporation
The new employee most recently served as CFO of Phoenix Group Metals, LLC, and has a broad background in corporate finance, corporate communications and strategic planning.
MagneGas CEO Ermanno Santilli praised Mahoney’s “impressive track record in the energy and recycling industries,” claiming he will bring “vast skills to MagneGas from his experience at several growing companies where he was instrumental in providing the finance vision, strategy and leadership.”
“He has extensive experience with M&A which we believe will be instrumental to our growth strategy,” Santilli expressed.
He replaces current CFO Luisa Ingargiola, who will remain actively involved in MagneGas’s operations and capital market activities as part of its Board of Directors.
In an exclusive interview with gasworld, MagneGas CEO Ermanno Santilli explains why the company’s biggest sale to date is a breakthrough for its fast-rising MagneGas2® fuel.
Two divisions of the New York City Department of Transportation have chosen to use MagneGas Corporation’s MagneGas2® fuel for metal cutting and repairs.
Month on month, the gasworld website is the market-leading news portal for the global industrial gas sector, growing at an unprecedented rate and keeping its readers at the forefront of breaking news, insightful analysis and must-see features across the industry. Launched in 2004 and continually evolving, it is the only independent online news, views and intelligence portal for the global industrial gas community and the larger end-user markets – and home to the ever-increasing range of gasworld platforms.
To find out more about gasworld's advertising opportunities click here.