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Acceleware Announces Board Appointments
Globenewswireยท 2025-06-03 23:05
Core Viewpoint - Acceleware Ltd. has appointed two experienced energy executives to its Board of Directors as part of a strategic plan to enhance its business and shareholder value, while two original board members have stepped down [1][2][4]. Group 1: Board Appointments - Peter Sametz has been appointed as Executive Chairman of the Board, and Merle Johnson has been appointed as a Director and Chair of the Audit Committee, effective June 3, 2025 [2][4]. - The appointments of Mr. Sametz and Mr. Johnson are intended to fill the vacancies left by the resignations of Mr. Bohdan Romaniuk and Dr. Peter Neweduk, who served over 19 years on the Board [2][3]. Group 2: Executive Backgrounds - Mr. Sametz has extensive experience in the energy sector, focusing on change management and corporate restructuring, and has been recognized for his leadership in innovation and environmental responsibility [4]. - Mr. Johnson was the CEO of Connacher Oil and Gas until his retirement in 2024 and has a background with EnCana and IMC Global, contributing to significant projects in the energy sector [5]. Group 3: Company Overview - Acceleware is an innovator in electromagnetic heating technology, providing scalable solutions aimed at decarbonizing industrial process heat applications while reducing costs [7]. - The company is developing a patented low-cost, low-carbon electromagnetic thermal production technology for heavy oil and is working on a pilot project to decarbonize potash ore drying [8].