16th Sep 2019 11:55
(Alliance News) - Waste-to-energy projects company EQTEC PLC said Monday it has promoted Commercial Director David Palumbo to chief executive officer with immediate effect.
He will be replacing Ian Price, who will step down from his role after a year in the role since 2018. Price will remain in the company as part of EQTEC's senior management team.
Palumbo has been commercial director at EQTEC since June, and is also founder and managing partner of private investment firm Origen Capital LLP for six years since 2013.
"We are excited to welcome David as chief executive. His knowledge of and long relationship with the company, together with his strong and varied international experience make him ideally placed to realise the full benefits of the recent restructuring and continue to implement our clear strategy for growth in the highly attractive waste to energy market," said Chair Ian Pearson.
Shares in EQTEC were down 4.6% at 0.21 pence on Monday in London.
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