Green Transition Holding (ticker code: GTH) announces that Robert Hvide Macleod will join its Board of Directors. Following the appointment, the Board will comprise of Eirik Flatebø (Chairman), Dag Schjerven (Director), Svein Flåtten (Director), Christopher Vanay (Director), Sigbjørn Bråtane (Director) and Robert Hvide Macleod (Director). In aggregate, the board holds approximately 1.5 million shares, representing approximately 12% of the shares outstanding.

Mr Macleod holds significant international experience, and we expect that his expertise will prove valuable in the growth and development of GTH. He worked for AP Møller Maersk 2001-2004, Glencore International 2004-2011 and he served as the CEO of Frontline Management in the period 2014-2020. He now runs a portfolio of private equity investments and a number of them are in the renewables sector. GTH has recently been added to the portfolio and he currently controls 1% of the outstanding shares

“I view GTH as an exciting company, with a very solid customer base, and the team at GTH is highly skilled. Through its technology GTH is well positioned to continue to build its portfolio and I believe they will succeed in achieving rapid further growth. I look forward to working with the management and Board at what certainly is a very interesting time for the company”, says Robert Hvide Macleod, new Board Member of GTH.

“We are very pleased to bring Robert on to the GTH Board as we enter into next growth phase of GTH. As we look forward, we expect there to be a number of growth opportunities for GTH. We are able to develop and commercialize innovative technologies, improve efficiency, and minimize environmental footprints. This is always our main objective, and we expect this to also create shareholder value”, says Eirik Flatebø, Chairman of GTH.

About GTH

Green Transition Holding (GTH) is an industrial and environmental technology company. Our mission is to develop and commercialize innovative technologies that improve the sustainability of industries. We aim to do this through reducing emissions, improve efficiency, and minimize the environmental footprint of these operations.

GTH was listed on the NOTC list in December 2020 and holds the ticker code GTH.