374Water Enhances Its Board with the Addition of New Independent Directors

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[{"type":"text","content":"DURHAM, NC / ACCESSWIRE / June 16, 2022 / 374Water Inc. (NASDAQ:SCWO) a leading sustainability innovator in the water and waste industries, is pleased to announce four new appointments to the company's Board of Directors:The company added the Honorable BJ Penn, Ms. Rene Estes, Mr. Itzik Polad and Mr. Jim Vanderhider as independent directors to the company board.BJ Penn. The Honorable Mr. Penn is a former Assistant Secretary and Acting Secretary of the Navy. Mr. Penn had a long and distinguished career as a naval aviator before assuming administrative duties for the Navy. Mr. Penn left the Navy for the private sector in 1991, joining Loral Corporation as Director of International Business. In 1996, Mr. Penn was assigned to Lockheed Martin's Corporate Staff and in 1998 he transferred to Lockheed Martin's Naval Electronics and Surveillance Systems. Following 911, he returned to the DoD in October 2001 as Director of Industrial Base Assessments. In 2005 he became the Assistant Secretary of the Navy, Installations and Environment and he served as the Secretary of the Navy, Acting, beginning in 2009 under President Bush and maintained that position under President Obama. He currently works as a consultant and heads his own firm, Genesis IV LLC.Mr. Penn serves on the Secretary of Defense Policy Board, as Trustee Emeritus at The George Washington University and the Boards of the National Trust for the Humanities, Naval Aviation Museum and Naval Historical Foundation. Mr. Penn also serves as the Chairman of the Board of Directors Spectra System Corporation, a London Stock Exchange listed company (SPSY) and on the Board of Directors of Healthcare Trust Inc., a Nasdaq listed company (HTIA). Rene Estes. Ms. Estes is a Finance Manager at 10 Branch Management LLC. Previously, she was Senior Investment Analyst at Bohemian Asset Management, Inc., overseeing Private Equity and Venture Capital investments in excess of $200 million, and Real Estate investments in excess of $300 million. For more than fifteen years, Ms. Estes has partnered with investors, entrepreneurs, financiers, developers, and operators to achieve economic success for ventures in multiple industries and, at times, extreme market conditions. She has a B.A. Business Administration and a Major in Finance from Washington State University.Itzik Polad. Mr. Polad is VP, BI and Busines...

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