Cleantech Power undergoes boardroom changes, updates on remediation efforts

Cleantech Power Corp. (NEO:PWWR.AQN, OTCQB:PWWRF) recently provided a corporate update announcing the resignation of CEO Frank Carnevale. The board is actively seeking a replacement while working to rectify issues related to the Belgian bankruptcy proceedings against Fuel Cell Power NV, which Carnevale managed during his tenure. The company is also addressing a failure-to-file cease trade order and is working to complete required financial filings and certifications to lift the order.