Business
Zefiro Founder and Former Chairman Requisitions Shareholders Meeting and intends to Nominate Five Directors to the Board of Directors of Zefiro Methane
Zefiro’s largest shareholder calls for change to replace self-serving and conflicted board that is destroying shareholder valueTORONTO, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Dr. Talal A. Debs, Founder and Director of Zefiro Methane Corp. (Cboe: ZEFI) ("Zefiro"), today announced that he is nominating five highly qualified candidates for election to Zefiro’s board of directors (the “Board”) at Zefiro’s next annual and special meeting of shareholders (the “Meeting”). Dr. Debs’ nominees include himself,
About this update from Zefiro Methane Corp.
[{"type":"text","content":"Zefiro’s largest shareholder calls for change to replace self-serving and conflicted board that is destroying shareholder value","length":127,"tagName":"p"},{"type":"text","content":"TORONTO, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Dr. Talal A. Debs, Founder and Director of Zefiro Methane Corp. (Cboe: ZEFI) ("Zefiro"), today announced that he is nominating five highly qualified candidates for election to Zefiro’s board of directors (the “Board”) at Zefiro’s next annual and special meeting of shareholders (the “Meeting”). Dr. Debs’ nominees include himself, Richard K. Walker, J. Fife Symington IV, John Michael Lovell, and Ungad Chadda.","length":463,"tagName":"p"},{"type":"text","content":"Dr. Debs believes urgent change is needed at Zefiro as a highly conflicted incumbent board has overseen significant value destruction, most notably since he was removed from the CEO role effective June 5, 2025. Under the leadership of interim CEO Catherine Flax, the Board has lacked focus and strategic direction as it has overseen several governance failures.","length":361,"tagName":"p"},{"type":"text","content":"“To achieve the vision we have of making Zefiro the global leader in methane abatement for the oilfields, Zefiro needs a variety of perspectives. To that end, I have focused on revamping the current Board, which is beset with conflicts, with one that brings the necessary diverse skill set and expertise to propel the company forward,” said Dr. Debs. “Our slate of nominees will be focused on providing improved governance and proper strategic oversight in order to set the stage for sustained growth which will deliver long-term value for all shareholders.”","length":558,"tagName":"p"},{"type":"text","content":"Dr. Debs, together with X Machina Capital Strategies (“XMC”) and X Machina Sustainable Technologies Inc. (“XMST”) have submitted a requisition to Zefiro for the Meeting to be held before the end of the year. Zefiro is required under British Columbia law to hold an annual meeting of shareholders each calendar year; however, the Board has neglected to set a meeting date or even a record date. Dr. Debs is concerned that the Board is attempting to delay the opportunity for shareholders to vote on the company’s direction at a time when its governance practices are in question.","length":578,"tagName":"p"},{"type":"text","content":"Nom...