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CVW CleanTech Announces the Appointment of Vice President, Corporate Development and Grant of Equity Awards
Calgary, Alberta--(Newsfile Corp. - March 20, 2024) - CVW CleanTech Inc. (TSXV: CVW) (OTCQX...
About this update from Cvw Sustainable Royalties Inc.
[{"type":"text","content":"CVW CleanTech Announces the Appointment of Vice President, Corporate Development and Grant of Equity AwardsCalgary, Alberta--(Newsfile Corp. - March 20, 2024) - CVW CleanTech Inc. (TSXV: CVW) (OTCQX: CVWFF) (the \"Company\" or \"CVW CleanTech\"), today announces the appointment of Mathew Ullattikulam as Vice President, Corporate Development effective March 19th, 2024.CVW CleanTech's CEO, Akshay Dubey, said, \"We are very pleased to welcome Mathew to CVW CleanTech. Mat has a wealth of experience within the oil sands mining space and I believe he will play an instrumental role in helping us move forward in our discussions with potential operating partners. He is also an experienced professional with the proven ability to originate and close commercial transactions within the energy and clean technology industries which will be key as we consider potential diversification opportunities for the Company. I am confident that his expertise will be an asset to the team.\"Mr. Ullattikulam has executed pipeline and facilities projects of over $500 million in value, developing significant leadership and transactional experience within the oil sands and broader energy industries. Having spent significant time in-house at two of the oil sands mining operators, Mr. Ullattikulam was most recently a senior commercial leader for the Low Carbon Fuels and Offsets group at Suncor Energy. During his ten year career at Suncor Energy, Mr. Ullattikulam managed early stage investments in clean technology companies, led the structuring of multiple joint venture partnerships, and was the key liaison for communicating Suncor Energy's low carbon fuels and offsets strategy. Mr. Ullattikulam also spent time at Fortis BC as a Project Development Specialist, at Equinor (formerly Stat Oil) as the Chief Inspector Designate, and at Canadian Natural Resources Limited as a Field Integrity Engineer. Mr. Ullattikulam holds a Masters of Business Administration from the Richard Ivey School of Business and a Bachelor of Applied Science in materials engineering from the University of British Columbia. Grant of Equity AwardsThe Board of Directors of the company has approved the grant of 300,000 stock options and 161,290 restricted share units (RSUs) to Mr. Ullattikulam. The stock options will vest after a minimum of eighteen months, include both time and per...