SHARC Energy Announces Board of Director Changes

Core Points - SHARC International Systems Inc. has appointed Fred Andriano as Chairman of the Board of Directors and Executive Officer, replacing founder Lynn Mueller, who will remain as Vice Chairman [1][4] - The company aims to leverage its strengths in the heat transfer sector and expand its market presence under the new leadership [3][4] - The Board of Directors has accepted the retirement of Eleanor Chiu, who has served for nearly six years and held 5% of the company [5][6] Leadership Experience - Fred Andriano brings 20 years of experience in the heating and cooling energy sector, previously serving as Vice President of Finance and Administration at NIBE North America and CFO at WaterFurnace International [2] - His background includes significant roles in finance, accounting, corporate governance, and mergers and acquisitions, which are expected to benefit SHARC Energy's growth strategy [2] Strategic Vision - The new leadership is focused on accelerating the company's growth and expanding its geographical reach, product offerings, and market presence [4] - The company is recognized as an emerging player in the industry, particularly in Wastewater Energy Transfer products, which are seen as having significant market potential [4][6] Company Overview - SHARC Energy specializes in energy recovery from wastewater, providing energy-efficient systems for heating, cooling, and hot water production for various building types [8] - The company is publicly traded in Canada, the United States, and Germany, indicating a broad market presence [9]