EnerPure Inc. (“EnerPure” or the “Company”), a recycling and energy transition company, is announcing as part of the Company’s leadership succession plan, and natural evolution of the Company, that its founder Todd Habicht in conjunction with the Board of Directors has engaged Heidrick & Struggles (“H&S”), an international executive search firm, to identify and search for the Company’s next Chief Executive Officer (“CEO”).
“As we enter the commercialization and deployment phase of the Company’s evolution, we need to ensure we have the best people in place to deliver into the tremendous opportunity we have identified, in processing Used Motor Oil (“UMO”) into a marine fuel with a lower carbon intensity. I have thoroughly enjoyed my journey to date with EnerPure and I am excited to be working with management, EnerPure’s Board, and H&S to find EnerPure’s next CEO. I am confident that with the accomplishments to date and the enormous opportunity that lies ahead, EnerPure will be able to attract a talented CEO to lead the Company through the next era,” commented Todd Habicht, CEO and Founder.
“A mark of a true leader is knowing what is required when and being able to identify the right time to hand over the reins. Todd was proactive in approaching the Board about identifying the need for a new CEO, while remaining very much vested in its future success by stepping into the Executive Chair role. On behalf of the Board of Directors, and all stakeholders I would like to take the opportunity to thank Todd for his immense contributions and dedication as CEO,” noted Albert Krahn, Lead Independent Director.
As Executive Chair, Todd will continue to be actively involved with the Company he has so successfully founded and developed. Todd will continue in the role of CEO until his successor is brought on board, which is expected to be in the first half of 2025.
Doug Kroeker, President and Chief Operating Officer, who joined EnerPure in 2014, and Damian Towns, Chief Financial Officer and Corporate Secretary, who joined in 2023, will remain in their respective roles reporting to the new CEO.
