LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the
“Company”), the carbon recycling company transforming above-ground
carbon into sustainable fuels, chemicals, materials, and protein,
today announced the appointment of Thierry Pilenko, former
Executive Chairman of TechnipFMC plc (“TechnipFMC”), to its Board
of Directors. With more than 40 years of experience in the energy
and industrial sectors, Pilenko brings invaluable expertise and
leadership related to large-scale infrastructure development,
technology deployment, and profitable growth. Pilenko’s extensive
experience and industry acumen are expected to provide valuable
guidance as LanzaTech advances the commercial deployment of its
technology and accelerates its timeline to profitability.
“We are thrilled to welcome Thierry to our Board of
Directors,” said LanzaTech Chair and CEO Dr. Jennifer Holmgren.
“His proven track record of deploying innovative technologies and
driving large-scale infrastructure projects will bring key insights
as we execute LanzaTech’s ambitious growth strategy. Thierry spent
the first 20 years of his career with Schlumberger Limited,
deploying technologies on five continents. He then continued on to
become a seasoned public company executive who successfully led
TechnipFMC, Technip, and Veritas DGC. Throughout his exceptional
career, Thierry developed a deep understanding of the global
industrial landscape and the evolving competitive dynamics of the
energy industry and the energy transition. Thierry’s operational
leadership in global, complex and capital-intensive industries is
central to advancing our mission to provide resilient, reliable
technology that advances above-ground carbon recycling and produces
commercial-scale ethanol that can be used in a wide range of
applications, including sustainable aviation fuel.”
During his tenure as Executive Chairman of
TechnipFMC, and Chairman and CEO of Technip, Thierry led a large
global team delivering energy solutions across 45 countries and was
pivotal in overseeing Technip’s transformation and merger with FMC
Technologies. This merger demonstrated the power of integration to
significantly reduce costs and improve economics of large-scale
projects while reducing corporate overhead costs. Under Pilenko’s
leadership, Technip successfully executed landmark projects such as
Shell’s $12 billion Prelude floating LNG facility and the $20+
billion Yamal LNG project.
“It is an honor to join LanzaTech’s Board of
Directors and contribute to the company’s pioneering and
commercially proven carbon management solution,” said Pilenko.
“Having spent my career in the energy sector, I understand the
critical importance of deploying replicable technology solutions
and know first-hand what it takes to successfully put steel in the
ground and achieve desired returns. LanzaTech’s innovative approach
to carbon reuse offers a unique and proven solution that will have
a substantial impact on the energy transition. I am deeply
committed to advancing these technologies and ensuring their
widespread adoption for a more sustainable future.”
In addition to joining LanzaTech’s Board, Pilenko
currently serves on the boards of Arkema, a leading specialty
materials company, and Trident Energy, an oil and gas production
company. He is also the Board Chair of Rely, a green
hydrogen-focused joint venture, and a co-founder of P6
Technologies, a SaaS platform for carbon lifecycle analysis.
The appointment of Pilenko as an independent
director increases LanzaTech’s board of directors to seven members,
filling a previously vacant seat and further strengthening the
Company’s corporate governance.
About LanzaTechLanzaTech Global,
Inc. (NASDAQ: LNZA) is the carbon recycling company transforming
waste carbon into sustainable fuels, chemicals, materials, and
protein for everyday products. Using its biorecycling technology,
LanzaTech captures carbon generated by energy-intensive industries
at the source, preventing it from being emitted into the air.
LanzaTech then gives that captured carbon a new life as a clean
replacement for virgin fossil carbon in everything from household
cleaners and clothing fibers to packaging and fuels. By partnering
with companies across the global supply chain like ArcelorMittal,
Coty, Craghoppers, REI, and LanzaJet, LanzaTech is paving the way
for a circular carbon economy. For more information about
LanzaTech, visit https://lanzatech.com.
Forward Looking StatementsThis
press release includes forward-looking statements regarding, among
other things, the plans, strategies, and prospects, both business
and financial, of LanzaTech. These statements are based on the
beliefs, assumptions, projections and conclusions of LanzaTech’s
management. Forward-looking statements are inherently subject to
risks, uncertainties and assumptions, many of which are outside
LanzaTech’s control, that could cause actual results or outcomes to
differ materially from those discussed in the forward-looking
statements. LanzaTech cannot assure you that it will achieve or
realize these plans, intentions or expectations. Forward-looking
statements are not guarantees of future performance, conditions or
results, and you should not rely on forward-looking
statements.
Generally, statements that are not historical
facts, including those concerning possible or assumed future
actions, business strategies, events or results of operations, are
forward-looking statements. These statements may be preceded by,
followed by or include the words “believes,” “estimates,”
“expects,” “projects,” “forecasts,” “may,” “will,” “should,”
“seeks,” “plans,” “scheduled,” “anticipates,” “intends” or similar
expressions. Important factors that could cause our actual results
and financial condition to differ materially from those indicated
in the forward-looking statements include, among others, the
following: timing delays in the advancement of projects to the
final investment decision stage or into construction; failure by
customers to adopt new technologies and platforms;
fluctuations in the availability and cost of feedstocks and other
process inputs; the availability and continuation of government
funding and support; broader economic conditions, including
inflation, interest rates, supply chain disruptions, employment
conditions, and competitive pressures; unforeseen technical,
regulatory, or commercial challenges in scaling proprietary
technologies, business functions or operational disruptions;
and other economic, business, or competitive factors, and
other risks and uncertainties, including the risk factors and other
information contained in LanzaTech’s most recent Annual Report on
Form 10-K and any subsequent Quarterly Reports on Form 10-Q, as
well as other existing and future filings with the U.S. Securities
and Exchange Commission.
Any forward-looking statement herein is based only
on information currently available to LanzaTech and speaks only as
of the date on which it is made. LanzaTech undertakes no
obligations to update or revise publicly any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
Investor RelationsKate WalshVP,
Investor Relations & TaxInvestor.Relations@lanzatech.com
Media RelationsKit
McDonnellDirector of Communicationspress@lanzatech.com
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