Earth Alive CEO Michael Warren Stepping Down
12 Octobre 2021 - 3:00PM
Earth Alive Clean Technologies Inc. (TSXV: EAC – “Earth
Alive” or the “
Company”), a Canadian soil
health company that develops and manufactures advanced microbial
technology products, today announced that Michael Warren has
stepped down from his President and CEO and Director roles and will
be leaving the Company to pursue other opportunities. Effective
immediately. Mr. Sofronis, who previously served as Chair of the
Human Resources Compensation and Corporate Governance Committee and
Board member at Earth Alive, has been appointed President and CEO
of Earth Alive. Mr. Sofronis is also a board member of Aya Gold and
Silver and was directly involved in this company’s turnaround with
great success.
Mr. Robert Blain, Chairman of the Board of Earth
Alive, commented, “I would like to thank Michael for his
involvement and dedication over the last years. On behalf of myself
and the Board of Directors, I would like to wish him much success
in his future endeavours.”
Commenting on Nikolaos Sofronis’ appointment,
Mr. Blain said, “As we advance our journey to expand our commercial
activities and grow market share, we need to be sharply focused on
operating with excellence, executing our strategies, and continuing
to innovate. With this in mind, Nikolaos was the obvious choice to
lead the Earth Alive team. His experience with Earth Alive, as well
as his impressive record of driving meaningful growth, innovation
and operational excellence as demonstrated by his contributions to
many organizations in various sectors worldwide, will be an
invaluable resource to our Company and its shareholders going
forward.”
“I am excited to reunite with the Earth Alive
team and look forward to working with them to set a course to
further develop a strategic vision to build long-term value for
shareholders as we continue to increase operational efficiencies
and growth initiatives,” said Mr. Sofronis. “Importantly, I
consider this nomination as a key opportunity to continue to
improve our operational performance, increase cash flow and create
value for our shareholders.”
Mr. Sofronis is a seasoned executive, with a
long list of career successes, which have focused mainly on
financing, profitability, investor relations, change management and
strategic planning to ultimately maximize growth and value for
stakeholders. Previously Mr. Sofronis was Chairman of the Board of
Directors of Cyprotex PLC, a company with shares listed on the
London Stock Exchange’s Alternative Investment Market (AIM). Mr.
Sofronis has over 16 years of experience in private banking in the
most prestigious institutions in Luxembourg and Switzerland and,
for the last 20 years, has been actively involved in the mining
sector.
Paula Caldwell St-Onge will be replacing Mr.
Sofronis as Chair of the Human Resources, Compensation and
Corporate Governance committee and Viviane Yargeau will be
replacing Mr. Sofronis as Lead Director.
Earth Alive also announces that, on October 11,
2021, it has granted stock options to purchase an aggregate total
of 130,000 common shares of the Company to a member of the
management team and certain directors. The options are exercisable
at a price of $0.13 per share, have a term of five years, vest
immediately and have been granted in accordance with the Company’s
stock option plan.
About Earth Alive Clean
Technologies
Earth Alive aims to be a key player in world
markets of environmentally sustainable industrial solutions. The
Company works with the latest innovations in microbial technology
to formulate and patent innovative products that can tackle the
most difficult industrial challenges, once only reserved to
environmentally harmful chemicals and additives. The Company is
focused on environmental sustainability in the agriculture industry
and dust control for the mining industry. For additional company
information, please visit: www.earthalivect.com.
Earth Alive Clean Technologies Inc. 9641 rue Clément Montréal (Qc)
Canada H8R 4B4Tel: (438) 333-1680 |
For information, please contact:Mr. Robert
BlainTel: (438) 333-1680 |
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