Proactive Investors - Run By Investors For Investors

Active Energy appoints new chairman as expands operations

Active Energy appoints new chairman as expands operations

Experienced corporate executive Frank Lewis has been appointed as non-exec chairman of Active Energy (LON:AEG) with immediate effect.

Lewis has 25 years of listed and private company boardroom experience, including as chief executive, chairman and finance director, the wood-chip firm said.

He has been involved in numerous areas of business, including strategic planning, growth management, IPOs or corporate governance.

Richard Spinks, Active's chief executive, said: "My co-directors and I welcome Frank to the board as non-executive chairman at this exciting stage in the group's development, and we look forward to drawing on his expertise in corporate governance and regulatory compliance as we continue to expand our existing international operations and implement some of the new business ventures that we have been developing over the past two years."

Earlier this month the company said it had secured two significant high-volume supply contracts for 2015.

The company is also further expanding its Ukrainian production capabilities, and is introducing a new wood chip product line.

The two supply contracts have been signed with Turkish medium-density fibreboard (MDF) manufacturer Yildiz Entegre and require Active Energy to deliver up to 300,000 tonnes of its hardwood wood chip, and up to a further 300,000 tonnes of its new line of softwood wood chip, in 2015.

View full AEG profile View Profile

Active Energy Group PLC Timeline

Related Articles

Power stations
May 31 2017
"We see this statement as evidence that the company has overcome the one-off events in Q3," said Cantor Fitzgerald
oil and gas operations
December 12 2017
Falcon is sitting on a major shale discovery in the Beetaloo basin, but, it is waiting for the Northern Territory to green-light fracking - with a decision expected next year.
rubbish tip
July 31 2017
Its G3-UHt system transforms rubbish into electricity with no toxic by-products and effectively zero greenhouse gases

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use