PERTH, AUSTRALIA: Hazer Group (ASX: HZR) announced the appointment of Glenn Corrie as Chief Executive Officer replacing current Managing Director, Mr Geoff Ward, effective 10 October 2022.
Hazer Group is a technology development company undertaking the commercialisation of the Hazer Process, a low-emission hydrogen and graphite production process. The Hazer Process enables the effective conversion of natural gas and similar methane feedstocks, into hydrogen and high-quality graphite, using iron ore as a process catalys.
The appointment of Glenn Corrie is part of an agreed succession plan instigated by the Board and the current Managing Director, Geoff Ward, focussing on how best to meet the leadership needs of Hazer as it embarks on its next growth phase.
Mr Ward has led the Company successfully over the past 4 years establishing the Woodman Point Commercial Demonstration Plant, currently commencing operational testing, and secured a pathway to further commercial scale-up of the Hazer technology through a collaboration with Suncor Energy Inc and Fortis BC Energy on the proposed Burrard Hazer Hydrogen Project in British Columbia, Canada.
Mr Corrie is a proven business leader and senior executive with over 25 years of international energy industry, private equity and investment experience, and a track record of successfully leading large listed and private equity backed companies. He brings substantial capital markets experience across the equity and debt markets as well as extensive global M&A experience across Asia, China, Africa, Latin America, US and Europe.
Mr Corrie is currently an executive board member of Suriname’s State Oil company, Staatsolie, responsible for the offshore directorate and advising on strategic financing projects. He was the founding CEO of NEO Energy in the UK, a private equity backed full-lifecycle oil and gas start-up, and prior to that, the CEO and Managing Director of ASX listed Sino Gas and Energy, a leading China focused natural gas production and development firm.
During his career, has also held senior positions with Ophir Energy PLC and Temasek Holdings Ltd, Singapore’s state-owned investment company responsible for global energy investments, including renewables. From 1998-2010 he held a variety of senior positions with Shell International.
Mr Corrie has an honours degree in geophysics and an MBA from the University of Chicago-Booth School of Business.
Mr Corrie will be based at Hazer’s Perth headquarters and will commence his role effective 10 October 2022. Mr Ward will remain in his role until that date and support any required transition arrangements.
Mr Tim Goldsmith, Chair, said, “We are delighted to welcome a leader of Glenn’s calibre to head a strong team as we enter the next phase of growth for Hazer and look forward to Glenn driving the Company forward and realising the potential of the technology in helping to meet the sustainable energy needs of our changing world. On behalf of the Board, I would like to thank Geoff Ward for the journey he has taken Hazer on in establishing the platform for the future. Our Company has undergone a significant transformation over the last four years with the completion of the Woodman Point Commercial Demonstration Project and securing the Burrard Hydrogen Project in British Columbia. We look forward to driving these projects to demonstrate the huge potential of our technology to provide clean energy and emissions reduction in difficult-to-abate sectors. Geoff has been instrumental to this success, and wish him all the best in his future endeavours.”
Mr Corrie said, “I am excited to be joining the Hazer Group at such a pivotal time in the energy transition to drive the strategic agenda and build a next generation clean-tech platform. The challenges of climate change are real, and the Company’s leading-edge technology will undoubtedly play an important role in accelerating hydrogen’s contribution to a net zero economy.
Hazer’s disruptive, low-emissions hydrogen production technology has already attracted the attention of leading investment firms and large energy companies seeking decarbonisation solutions.
The Company has a great story to tell, and I’m looking forward to working with the team and Board to realize the Company’s full potential as a champion in decarbonisation technologies at the forefront of efforts to solve the climate crisis.”