Fusion Fuel Green plc (NASDAQ: HTOO), a player in the green hydrogen industry, has recently announced senior leadership changes aimed at enhancing strategic focus and unlocking long-term growth and profitability. The company's Co-Head and Chief Financial Officer, Frederico Figueira de Chaves, has been promoted to Chief Executive Officer, while Gavin Jones, the Chief Accounting Officer, will assume the role of interim Chief Financial Officer. Additionally, André Antunes has been promoted to Chief Operating Officer, and Jaime Silva, the Chief Technology Officer, will now serve as the Head of Innovation.

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Streamlining Leadership for Enhanced Operations

Fusion Fuel Green is taking measures to establish a more effective operating and reporting structure, enabling seamless addition of HEVO-Chain to their product offerings. By promoting Frederico Figueira de Chaves to CEO, the board of directors acknowledges his exceptional leadership skills and unwavering dedication to advancing the company's position within the green hydrogen industry. This optimized leadership structure is expected to facilitate stronger project execution, delivery, and maintain Fusion Fuel's status as a leader in electrolyzer innovation.

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Gratitude and Transitioning Responsibilities

Jeffrey Schwarz, Chairman of Fusion Fuel Green, expressed his gratitude to Zach Steele and Jason Baran, who will be stepping down from their roles as Co-Head and Chief Commercial Officer, as well as Co-Presidents of the Americas, to explore other opportunities in the hydrogen and clean fuel sector. The departing executives have committed to ensuring a seamless transition of responsibilities, displaying their dedication and commitment to the company's success.

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The Perspective of the New CEO

Frederico Figueira de Chaves, newly appointed CEO of Fusion Fuel Green, expressed gratitude to the board for the trust placed in him and conveyed his excitement for the new challenge. Frederico highlighted the importance of André Antunes as the newly appointed Chief Operating Officer, recognizing his invaluable contributions to the company's operations and innovation initiatives. Gavin Jones was also acknowledged for assuming the interim CFO role alongside his responsibilities as Chief Accounting Officer, demonstrating his financial acumen and adaptability to the company's evolving needs. Lastly, Jaime Silva's role as CTO and Head of Innovation was emphasized, given the strategic importance of continuous innovation in the dynamic green hydrogen sector.

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Biographical Information on Key Appointments

Frederico Figueira de Chaves has been a key member of Fusion Fuel since its inception in 2020. With an impressive background that includes senior roles at UBS AG, Frederico brings extensive financial expertise to his new position as CEO.

Gavin Jones joined Fusion Fuel in 2021, leveraging his comprehensive experience at KPMG to contribute to the company's accounting and financial reporting efforts.

André Antunes, who joined the company in 2021 as Chief Production Officer, has a robust background in industrial engineering and management. His promotion to Chief Operating Officer recognizes his instrumental role in overseeing production, procurement, and supply chain operations.

Jaime Silva, the co-founder of Fusion Fuel Green, has been pivotal in driving technological advancements in the green hydrogen sector. With an impressive track record in the industry, Jaime's role as Head of Innovation solidifies his position at the forefront of electrolyzer and green hydrogen technology.