Core Viewpoint - ClimateRock has appointed Dariusz Sliwinski as an independent director and chairman of the Audit Committee, which is expected to enhance the company's governance and strategic direction during its merger with GreenRock [1][3]. Company Overview - ClimateRock is a special purpose acquisition company (SPAC) focused on merging with businesses in the sustainable energy sector, aiming to create an integrated value chain for renewable energy solutions [10]. - GreenRock is an independent energy producer specializing in renewable power, battery storage, and hydrogen production, with a commitment to accelerating the green energy transition [8]. Leadership and Governance - Dariusz Sliwinski brings extensive experience in financial management and due diligence from his previous roles in various investment and asset management firms, which will support ClimateRock's strategic objectives [2][3]. - Sliwinski's appointment is seen as a significant addition to ClimateRock's board, particularly during the transformative period of the merger with GreenRock [3]. Business Combination Details - The merger between ClimateRock and GreenRock is outlined in a Business Combination Agreement dated December 30, 2023, and is expected to create a holding company listed on Nasdaq [3][4]. - The completion of the merger is subject to approval from shareholders of both ClimateRock and GreenRock, along with customary closing conditions [4]. Strategic Goals - The combined entity aims to simplify the renewable energy sector by providing an end-to-end renewable energy solution, enhancing operational efficiencies in a fragmented market [3]. - The merger is anticipated to align with the mission of accelerating the next generation of renewable energy [3].
ClimateRock Appoints Dariusz Sliwinski to the Board of Directors