Press release
OTI Greentech AG expands its management board and lays foundation for further growth
• Expansion of management board to four persons• Entrepreneur Stephan Rind to strengthen supervisory board
Berlin, 04.05.2015 –OTI Greentech AG, a fast growing international Cleantech-solutions provider, whose shares are traded on the Düsseldorf Stock Exchange, has expanded its management board by three persons to a total of four. In doing so, the company is laying the foundation for further profitable growth after the successful completion of the merger.
The Norwegian Johnny Christiansen, with decades of experience in leading positions in the maritime and engineering sectors and as CEO of two listed companies, has been appointed CEO (Chief Executive Officer) of the company. Christiansen is a founder and major shareholder in Visionaire Invest AS, a large shareholder in VTT und RADA, the companies in which OTI Greentech owns a majority stake. Ralf Groenemeyer, until now member of the supervisory board of the company, has been appointed as CFO (Chief Financial Officer). The financial specialist has many years of experience in leading positions as an analyst and capital markets advisor. A trained chemist with doctorate, Dr. John C. Kisalus, who has extensive experience in leading positions in the Cleantech-, oil- and chemicals sectors, has been appointed CTO (Chief Technical Officer). Joe Armstrong, a qualified lawyer and former investment director in two private equity firms has been reappointed to the management board as COO (Chief Operating Officer).
A successor to the supervisory board position vacated by Ralf Groenemeyer due to his appointed to the management board will be appointed by the courts. The Chairman of the supervisory board will propose Stephan Rind as new member of the supervisory board to the court. Stephan Rind is a major shareholder in the company and has in the past successfully grown companies and listed them on the stock markets, including one which he took to the SDax. Should Stephan Rind be appointed, it is intended that he become chairman of the supervisory board. Stephan Rind intends to declare his availability for appointment to the supervisory board to the shareholders at the next general meeting.
About OTI Greentech AG
OTI Greentech is a provider of engineering services and environmentally-friendly solutions to its customers world-wide. OTI Greentech operates through three market segments: Maritime, Energy and Industrial. The Maritime segment provides products, consultancy and engineering services to the global shipping and offshore oil & gas industries. The Energy segment provides innovative products and solutions (including EOR - Enhanced Oil Recovery). The Industrial segment provides environmentally-friendly OTI Greentech products and services in cleaning and waste management (including drilling muds and tailings ponds) as well as complex engineering services in infrastructure projects. OTI Greentech develops new generation environmentally-friendly chemicals for the above applications including the patented ECOSOLUT range of chemicals. The shares of OTI Greentech AG are listed on the Düsseldorf Stock Exchange.
Contact:
edicto GmbH
Axel Mühlhaus, Werner Rüppel
amuehlhaus@edicto.de
Tel. +49 69 905505-52
Eschersheimer Landstr. 42-44
60322 Frankfurt
OTI Greentech AG
Ralf Groenemeyer, CFO
info@oti.ag
Tel. +49 30 2089 860-85
Kleiststr. 23-26
10787 Berlin
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