Cielo Waste Solutions
Ticker: CMC.CN / CWSFF
Listings: Canadian Securitites Exchange / US OTC
Market Cap: 342 MCAD at time of publication
Share price: 0,88 CAD at time of publication
Industry: Converting waste to renewable fuel
Cielo Waste Solutions has today announced several changes to the board . Mel Angeltvedt, Robin Ray and Lionel Robins have resigned from their board positions for personal reasons. Lionel Robins will devote his time to focus on his work as COO at Cielo Waste Solutions. Robin Ray is stepping down to devote more time to his accounting practice and Mel Angeltvedt has decided to focus on his own business.
Cielo Waste Solutions also presents an addition to the board in the form of Ryan Jacksson, CEO of Renewable U. The press release describes his background as follows:
“Mr. Jackson, a seasoned, experienced executive, has grown and developed several businesses and is currently the majority
shareholder and managing director for RAMECO Group’s portfolio of companies in consulting, commercial real estate, healthcare, leasing, finance, biotech and green technology. Mr. Jackson has led or taken part in numerous successful exits and is a Certified Management Consultant and a member of the Institute of Certified Management Consultants of Alberta and is an active investor. Currently, Mr. Jackson is a director and CEO of Renewable U Energy Inc. In addition to Mr. Jackson’s business ventures, he has served on numerous other boards such as chairman of the Medicine Hat Police Commission and was the Chair of Alberta Law Enforcement Response Teams (ALERT). He has also served as a member of the board of directors of Alberta Business Link.”
Ryan Jackson commented, “I am excited and honoured to be invited to Cielo’s board and believe my background and experience can add significant value to Cielo. I am proud to be part of a company focused on addressing the massive environmental waste issues currently affecting our planet and creating a solution for this problem. A win-win for us all. The world’s garbage issues need to be addressed and Cielo has a
brilliant green solution.”
Don Allan, CEO of the Company, commented, “I would like to personally thank Robin, Mel and Lionel for their leadership on our Board and for the valuable contributions they have made during their tenure. I would also like to welcome Ryan Jackson to the Board as both Ryan and I see the huge opportunity and environmental solutions Cielo offers.”
ESG comment: We find it encouraging that Cielo Waste Solutions gets the addition of Ryan Jackson as a new addition of the board with his vast business experience. It’s also positive to see that Lionel Robins gets to focus solely on his work as COO of Cielo Waste Solutions. This change of the board simplifies and strengthens the relationships between the Joint venture partner Renewable U and Cielo Waste Solutions. This change of directors could also be a strategic move to make room for more heavy industry connected board members.
We own shares of this company personally.
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