European Green Transition PLC (AIM:EGT) has named Cathal Friel as its non-executive chairman with immediate effect.
Friel brings over 20 years of experience in corporate finance and M&A – including senior roles at hVIVO, Amryt Pharma, and Poolbeg Pharma.
He co-founded European Green Transition in 2021 and remains its largest shareholder.
“EGT remains focused on expanding its portfolio of green economy assets through M&A, targeting revenue-generating businesses,” Friel said in a statement.
“There are a number of distressed businesses operating in the green economy space with potential for turnaround and transformation into strong, cash-generative and profitable businesses.”
He added: “I look forward to continuing to work closely with Daniel Akselsen, who will remain a key member of the board, managing our Swedish assets and stakeholders as we look to monetise these assets through sale or partnership to deliver value for our shareholders."