Carbon Streaming Corporation has announced that Marin Katusa will take on the role of Chief Executive Officer, effective November 25, 2024. The appointment follows an extensive search that evaluated both internal and external candidates. Katusa will replace Christian Milau, who has been serving as Interim CEO as part of a planned leadership transition.
Milau is set to step down from his interim role on November 25, 2024, but will continue to assist with the transition until his contract concludes on November 30, 2024. At that time, he will also resign from his position on the company’s Board of Directors.
Katusa, a major shareholder in Carbon Streaming, brings a wealth of industry experience to the role. He has opted not to receive a traditional salary or incentive-based compensation, agreeing instead to a symbolic payment of $1 per year, underscoring his focus on reducing costs and increasing shareholder value.
Olivier P. Garret will continue as Chair of the Board alongside directors Alice Schroeder, Marcel de Groot, and Jeanne Usonis. Garret expressed satisfaction with Katusa’s appointment, noting that Katusa’s experience and strategic insights are expected to be instrumental in the company’s restructuring efforts and in enhancing value for shareholders and stakeholders.
Katusa conveyed his perspective that Carbon Streaming’s current portfolio needs further restructuring and affirmed that all possible measures would be taken to optimize value. He emphasized that his decision to forgo compensation reflects a commitment to cost reduction and value creation for the company.
The Board also expressed its gratitude to Christian Milau for his contributions and wished him success in his future endeavors.
Katusa is a seasoned Canadian business executive, investor, and financier, with over 20 years of experience in the resource and environmental sectors. He is also a published author with two bestselling books, including the 2021 #1 bestseller, The Rise of America.
Have you read?
Most Heavily Armed Tanks Ever Built By Russia.
Countries with the most F-15 Eagle fighter jets.
Countries with the Most F-35 Lightning II Stealth Fighter Jets.
The Role of Chief Artificial Intelligence Officers (CAIOs) – Are They Needed and What Impact Can We Anticipate?
5 Ways to Ensure You Have Cash Flow When Starting a Business.
Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
