OPAL Fuels Inc. Appoints New CEO and Directors

TL;DR

OPAL Fuels just swapped out its CEO and added new board members.

AI Summary

OPAL Fuels Inc. announced on June 25, 2024, the departure of director Jonathan F. P. Rose and the election of new director Michael J. R. St. Louis. The company also appointed new officers, including Michael J. R. St. Louis as Chief Executive Officer and President, and David M. K. St. Louis as Chief Operating Officer. These changes are effective immediately.

Why It Matters

This filing indicates a significant leadership transition at OPAL Fuels Inc., with new executive appointments and board changes that could signal a shift in company strategy or operations.

Risk Assessment

Risk Level: medium — Leadership changes can introduce uncertainty regarding future strategy and operational execution, impacting investor confidence.

Key Players & Entities

• OPAL Fuels Inc. (company) — Registrant
• Jonathan F. P. Rose (person) — Departing Director
• Michael J. R. St. Louis (person) — Newly Elected Director and CEO
• David M. K. St. Louis (person) — Newly Appointed COO
• June 25, 2024 (date) — Effective date of changes
• ArcLight Clean Transition Corp. II (company) — Former Company Name

FAQ

Key Financial Figures

• $0.0001 — tered Class A common stock, par value $0.0001 per share OPAL The Nasdaq Stock Market

Filing Documents

• opal-20240625.htm (8-K) — 29KB
• 0001930672-24-000006.txt ( ) — 158KB
• opal-20240625.xsd (EX-101.SCH) — 2KB
• opal-20240625_lab.xml (EX-101.LAB) — 23KB
• opal-20240625_pre.xml (EX-101.PRE) — 13KB
• opal-20240625_htm.xml (XML) — 3KB

02. Departure of Directors or Certain Officers; Election of Directors; Appointment

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 25, 2024, Mr. Anthony Falbo, chief operating officer of OPAL Fuels Inc. ("OPAL Fuels" or the "Company"), tendered his resignation, to be effective August 2, 2024, in order to pursue another opportunity, and the Company wishes him well with this new endeavor. The Company appreciates Mr. Falbo's valuable contributions and leadership provided to OPAL Fuels during his tenure. The Company has initiated a search for another qualified individual to fill the role of chief operating officer. The Co-Chief Executive Officers of OPAL Fuels will work with Mr. Falbo and take a more active role in leading the business unit managers to ensure a smooth transition of Mr. Falbo's responsibilities during the interim period. The Company has a strong group of managers and experienced teams across all business units and is confident in the abilities of these managers and teams to carry out the day-to-day operations of OPAL Fuels as usual during this transition period. Cautionary Statement Regarding Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking stat

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View this 8-K filing on SEC EDGAR