04:48:40 EDT Thu 23 May 2024
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Greenlane Renewables Inc
Symbol GRN
Shares Issued 153,013,239
Close 2023-06-08 C$ 0.26
Market Cap C$ 39,783,442
Recent Sedar Documents

Greenlane appoints Douville executive vice-chair

2023-06-08 16:44 ET - News Release

Mr. Brad Douville reports

GREENLANE RENEWABLES ANNOUNCES APPOINTMENTS OF EXECUTIVE VICE CHAIR AND PRESIDENT AND CHIEF EXECUTIVE OFFICER AS PART OF STRATEGIC GROWTH PLAN

Greenlane Renewables Inc. has appointed Brad Douville, current chief executive officer, to the newly created role of vice-chair of the board of directors, and a continuing full-time executive role as executive vice-chair with a mandate to support management in advancing key strategic initiatives, and has appointed Ian Kane as president and CEO to lead the company's profitable execution of its new strategic plan. Both appointments will be effective Aug. 10, 2023.

"Greenlane has grown rapidly over the past four years, and we are now resetting our strategic plan for the next stage of growth," said Mr. Douville, CEO of Greenlane. "The board has approved our new strategic plan, which foresees Greenlane's further evolution as an industry leader, delivering operational excellence, industry-leading products and strong financial performance. A pillar of this strategic plan is adding a proven leader with experience in creating operating leverage in the environment of rapid growth we've had and expect to see over the next number of years. The executive vice-chair role is full-time and over the next few years my mandate will be to assure that the full potential of the most important strategic opportunities are realized."

"We are pleased to welcome Ian Kane as president and CEO of Greenlane," said Wade Nesmith, chairman of Greenlane. "Ian has a proven track record of successfully transforming companies for growth and profitability. I am also pleased that Brad will be taking on the role of executive vice-chair, focusing on a few of the most lucrative initiatives to propel the company forward. Greenlane's opportunities in Brazil are a prime example, with the huge RNG potential that exists in the large landfill and even larger sugar cane industries. The transition of CEO responsibility to Ian will allow Brad in his new role to build on our historic success in Brazil as well as to advance other vital strategic opportunities. Brad has been instrumental in establishing Greenlane's reputation as a trusted technology provider in the RNG industry and we look forward to his continued drive for success in international markets."

"I'm excited to work with Ian, whose background and experience make him ideally suited to lead Greenlane into its next chapter as a trailblazer in the RNG industry," said Mr. Douville, CEO of Greenlane. "It has been my honour to serve as CEO during these past four years of Greenlane's public company journey, and I want to offer my sincere thanks to our employees whose hard work and dedication have allowed us to accomplish so much. I am looking forward to focusing on the tremendous untapped potential that we see in the global RNG industry as we build on Greenlane's strong foundation."

"I've been fortunate to have a great deal of experience helping companies optimize growth and financial performance after the start-up phase," said Mr. Kane, CEO appointee of Greenlane. "It is a great time to join Greenlane and I'm looking forward to working with the team to achieve their ambitious goals. I believe that Greenlane offers an important path to accelerate the decarbonization of global energy and I'm proud to join its leadership."

About Mr. Kane

Mr. Kane has built a career as an impactful business leader who creates sustainable shareholder value through fostering a culture of ambition and accountability.

As the president and CEO of Excell Battery, Mr. Kane has been responsible for all aspects of the product design and manufacturing business, including defining the global growth strategy and diversifying markets and product range. His growth strategy over three years resulted in double-digit revenue and net income growth. Mr. Kane was actively involved in the sale of Excell Battery to Ultralife Corp.

Prior to Excell, Mr. Kane was the president of Alpha Technologies, a 420-employee company demonstrating 15-per-cent organic revenue growth ($180-million) year on year while growing operating earnings at 20 per cent. Mr. Kane was actively involved in the sale of Alpha Technologies to EnerSys.

Mr. Kane was previously vice-president at Talisman Energy responsible for safely managing daily oil and natural gas production and processing of up to 25,000 barrels of oil equivalent/day ($1-billion (U.S.) in revenue), and held a director role in operational effectiveness at PwC LLP.

Mr. Kane holds an MBA (cum laude) from the University of Stellenbosch and an MEng from the University of Johannesburg.

About Greenlane Renewables Inc.

Greenlane Renewables is a pioneer in the rapidly growing renewable natural gas (RNG) industry. As a leading global provider of biogas upgrading systems, the company is helping to clean up two of the largest and most difficult-to-decarbonize sectors of the global energy system: the natural gas grid and the commercial transportation sector. Greenlane's systems produce clean, low-carbon and carbon-negative RNG from organic waste sources such as landfills, waste water treatment plants, and agricultural and food waste streams. To the company's knowledge, Greenlane is the only biogas upgrading company offering and actively deploying the three main technologies: waterwash, pressure swing adsorption and membrane separation. Greenlane's business has been built on over 35 years of industry experience, patented and proprietary technology, with over 140 biogas upgrading systems sold into 19 countries, including some of the largest RNG production facilities in the world, and over 140 biogas desulphurization units sold.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.