374Water Inc (NASDAQ:SCWO) announced that its board of directors has appointed Stephen Jones as interim president and CEO.
Jones, who joined 374Water’s board in June 2025, will oversee the company’s current project deployments, the commercialization of its super critical water oxidation (SCWO) technology, and the accelerated conversion of its growing pipeline of opportunities.
He will also lead the search for a permanent CEO.
"We believe that now is the right time to make a change in the leadership of the company as we continue to commercialize our SCWO technology and are focused on strategic partnerships and capital initiatives related to our WDS business model,” board chairperson Rene Estes said in a statement.
“We are fortunate to have Stephen step into this role on an interim basis as he has previously been a successful public company CEO and has significant experience in the waste markets and on-site business development activities very similar to our WDS model.”
Jones succeeds Chris Gannon, who has stepped down from his roles at the company.
According to 374 Water, he brings extensive corporate leadership experience, including prior roles as President and CEO of Covanta Holding Corporation, a company focused on Energy-from-Waste facilities and environmental services.
He also held senior management positions at Air Products and Chemicals, with experience in industrial gases, chemicals, energy, and equipment, including technology commercialization and project execution.
For his interim role, Jones has agreed to a base salary of $1 and has received a stock option grant to align his incentives with shareholder interests.
“I look forward to working with 374Water’s talented team to unlock this value for our shareholders,” Jones said.
“The dedication of our employees is crucial to our shared success, and the continued development of our SCWO technology and the WDS business model with our essential customers will continue to be one of the cornerstones of our business.”