Quadrise PLC (AIM:QED) is launching a process to hire a new CEO ahead of an anticipated scaling up of the business, with current boss Jason Miles focusing on product and technology as CTO.
It comes as the company’s alternative fuels are advancing in key commercial-scale pilot projects, and it is on the cusp of a rapid expansion.
“This strategic realignment reflects the exciting new phase that Quadrise is entering,” Miles said.
“I look forward to being able to focus even more closely on successfully delivering the industrial-scale client trials - critical steps towards commercialisation - and to driving our decarbonisation technology innovations and projects forward.
“I'm excited about the opportunities ahead and the role the company will play in delivering sustainable, scalable energy solutions."
Miles will take full ownership of the ongoing commercial trials and associated technical programmes and partnerships that are deemed to be of “critical importance for the commercial evolution of Quarise”.
Andy Morrison, Quarise chair, will take on executive responsibilities in the interim to support Miles as he focuses on the new CTO role.
“As we start to scale up, the appointment of a new chief executive officer will enable us to strengthen our commercial capacity and executive bandwidth, ensuring we are positioned to capitalise on the growing opportunities in our target markets,” Morrison added.
Further announcements regarding the CEO position are anticipated in due course.