Canadian fuel cell specialist Loop Energy announced the addition of Paul Cataford to its Board of Directors. Cataford is a seasoned financial and business executive with over 30 years of success in finance, governance and strategy, specializing in emerging and high-growth technology-based companies. Loop Energy provides fuel cell systems to British e-truck manufactuter Tevva.
Loop Energy’s Board of Directors
Cataford’s appointment continues the evolution of Loop Energy’s Board of Directors that began this year with the appointment of technology industry veteran Kent Thexton as the Chair of the Board. In conjunction with this appointment Allan Collings and Peter Johansson have resigned from the board.
“To provide guidance to Loop Energy in its next stage of growth, it is important to strengthen the board with depth of expertise across operations, technical and capital markets, along with the highest standards of corporate governance.” said Loop Energy Chairman of the Board Kent Thexton. “I want to extend my gratitude to Allan Collings and Peter Johansson for their dedication to the board, and am excited to welcome Paul Cataford to the company.”
Over the first nine months of 2022, Loop Energy has achieved significant growth including the quadrupling of purchase orders year-over year, doubling of its customer base, and posting a 2.5-time increase in unit sales year-over-year. Building on this foundation, Loop Energy’s strategy for 2023 will significantly intensify the focus of its corporate resources to support near- and mid-term growth markets such as EMEA, while taking a strategic readiness stance in the longer-term opportunity markets such as China.