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Crown LNG Appoints Andrew Judson as Chairman of the Board

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Crown LNG Holdings (NASDAQ: CGBS) has appointed Andrew Judson as Chairman of the Board, effective August 2, 2024. Judson replaces Jørn Husemoen, who will continue as a Board member and CFO. Judson, an independent director since July 2024, brings extensive experience in finance and energy sectors. He currently serves as a Senior Advisor at Fort Capital and has held leadership positions at Camcor Partners and FirstEnergy Capital. Judson also serves on the boards of Pieridae Energy and Condor Energies Inc.

Crown LNG, a provider of LNG terminal technologies for harsh weather locations, views this appointment as strategic for navigating complex financial and geopolitical landscapes as they begin their journey as a public company. The company aims to leverage Judson's expertise to execute their growth strategy effectively.

Crown LNG Holdings (NASDAQ: CGBS) ha nominato Andrew Judson come Presidente del Consiglio di Amministrazione, con effetto dal 2 agosto 2024. Judson sostituisce Jørn Husemoen, che continuerà come membro del Consiglio e CFO. Judson, direttore indipendente da luglio 2024, porta con sé un'ampia esperienza nei settori della finanza e dell'energia. Attualmente ricopre il ruolo di Senior Advisor presso Fort Capital e ha ricoperto posizioni di leadership in Camcor Partners e FirstEnergy Capital. Judson fa anche parte dei consigli di amministrazione di Pieridae Energy e Condor Energies Inc.

Crown LNG, fornitore di tecnologie per terminal LNG in località con condizioni meteorologiche avverse, considera questa nomina strategica per orientarsi in paesaggi finanziari e geopolitici complessi mentre inizia il suo percorso come società pubblica. L'azienda punta a sfruttare l'expertise di Judson per attuare efficacemente la propria strategia di crescita.

Crown LNG Holdings (NASDAQ: CGBS) ha nombrado a Andrew Judson como Presidente de la Junta, con efecto a partir del 2 de agosto de 2024. Judson reemplaza a Jørn Husemoen, quien continuará como miembro de la Junta y CFO. Judson, un director independiente desde julio de 2024, aporta una amplia experiencia en los sectores financiero y energético. Actualmente, se desempeña como Asesor Senior en Fort Capital y ha ocupado puestos de liderazgo en Camcor Partners y FirstEnergy Capital. Judson también forma parte de las juntas de Pieridae Energy y Condor Energies Inc.

Crown LNG, un proveedor de tecnologías de terminales de GNL para localidades con condiciones climáticas severas, considera esta designación como estratégica para navegar por paisajes financieros y geopolíticos complejos al comenzar su trayectoria como empresa pública. La empresa busca aprovechar la experiencia de Judson para ejecutar eficazmente su estrategia de crecimiento.

Crown LNG Holdings (NASDAQ: CGBS)는 Andrew Judson을 이사회 의장으로 임명했다고 발표했습니다. 이 임명은 2024년 8월 2일부터 효력이 발생합니다. Judson은 이사회 멤버이자 CFO로 계속 활동할 Jørn Husemoen을 대체합니다. Judson은 2024년 7월부터 독립 이사로 활동하고 있으며, 금융 및 에너지 분야에서의 폭넓은 경험을 지니고 있습니다. 현재 그는 Fort Capital의 수석 고문으로 활동 중이며, Camcor Partners 및 FirstEnergy Capital에서 리더십 역할을 수행한 바 있습니다. Judson은 또한 Pieridae Energy와 Condor Energies Inc.의 이사회에서도 활동하고 있습니다.

Crown LNG는 혹독한 날씨 조건에서 사용할 천연가스(LNG) 터미널 기술을 제공하는 회사로, 이번 임명을 통해 복잡한 금융 및 지정학적 환경을 항해하는 데 있어 전략적인 발판을 마련하고자 합니다. 이 회사는 Judson의 전문성을 활용하여 성장 전략을 효과적으로 실행할 계획입니다.

Crown LNG Holdings (NASDAQ: CGBS) a nommé Andrew Judson en tant que Président du Conseil d'Administration, à compter du 2 août 2024. Judson remplace Jørn Husemoen, qui continuera en tant que membre du Conseil et CFO. Judson, directeur indépendant depuis juillet 2024, apporte une vaste expérience dans les secteurs de la finance et de l'énergie. Il est actuellement conseiller senior chez Fort Capital et a occupé des postes de direction chez Camcor Partners et FirstEnergy Capital. Judson siège également aux conseils d'administration de Pieridae Energy et Condor Energies Inc.

Crown LNG, fournisseur de technologies de terminaux de GNL pour des endroits soumis à des conditions climatiques difficiles, considère cette nomination comme stratégique pour naviguer dans des paysages financiers et géopolitiques complexes alors qu'ils commencent leur parcours en tant qu'entreprise publique. L'entreprise vise à tirer parti de l'expertise de Judson pour mettre en œuvre efficacement sa stratégie de croissance.

Crown LNG Holdings (NASDAQ: CGBS) hat Andrew Judson mit Wirkung zum 2. August 2024 zum Vorsitzenden des Vorstands ernannt. Judson folgt auf Jørn Husemoen, der weiterhin Vorstandsmitglied und CFO bleibt. Judson ist seit Juli 2024 unabhängiger Direktor und bringt umfangreiche Erfahrungen in den Bereichen Finanzen und Energie mit. Derzeit fungiert er als Senior Advisor bei Fort Capital und hat Führungspositionen bei Camcor Partners und FirstEnergy Capital innegehabt. Judson ist zudem Mitglied der Aufsichtsräte von Pieridae Energy und Condor Energies Inc.

Crown LNG, Anbieter von LNG-Terminaltechnologien für Regionen mit extremen Wetterbedingungen, betrachtet diese Ernennung als strategisch wichtig, um komplexe finanzielle und geopolitische Landschaften zu navigieren, während sie ihren Weg als öffentliches Unternehmen beginnen. Das Unternehmen plant, Judsons Expertise zu nutzen, um seine Wachstumsstrategie wirkungsvoll umzusetzen.

Positive
  • Appointment of Andrew Judson as Chairman brings extensive finance and energy sector experience
  • Jørn Husemoen remains on the Board and as CFO, ensuring continuity
  • Strategic move to strengthen leadership as Crown LNG transitions to a public company
Negative
  • None.

ST HELIER, Jersey, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Crown LNG Holdings Limited (NASDAQ: CGBS) (“Crown” or “Crown LNG”), a leading provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, today announced that its Board of Directors has appointed Andrew Judson to serve as Chairman of the Board, effective August 2, 2024. Mr. Judson takes over the role previously held by Jørn Husemoen, who will continue to serve as a member of the Board and Crown LNG’s Chief Financial Officer.

Mr. Judson, who has served as an independent director of Crown’s Board since July 2024, possesses a wealth of experience in the finance and energy sectors. He currently serves as a Senior Advisor at Fort Capital, one of Canada’s leading independent investment banking advisory firms. Prior to joining Fort Capital, Mr. Judson was Managing Director at Camcor Partners, a Calgary based boutique Private Equity firm investing in upstream companies active in the Western Canadian Sedimentary Basin on behalf of Institutional and private LPs., from 2013 – 2018. From 2007 – 2013, Mr. Judson served as Managing Director of FirstEnergy Capital, an investment bank focused on the energy sector. In addition, Mr. Judson has served as a director of Pieridae Energy Limited since 2015 and lead director of Condor Energies Inc. since 2019.

“As we begin our new chapter as a public company, I’m pleased to pass the baton to Andrew. He has provided tremendous insight as we undertook the effort to bring Crown to the public markets, and he has the expertise necessary to help navigate the company within a complex financial and geopolitical landscape,” said Jørn Husemoen, Chief Financial Officer and outgoing Board chair. “On behalf of the Board and management team, we look forward to Andrew’s seasoned leadership as we continue to execute our growth strategy.”

About Crown LNG Holdings Limited
Crown LNG is a leading provider of offshore LNG liquefaction and regasification terminal infrastructure solutions for harsh weather locations, which represent a significant addressable market for bottom-fixed, gravity based (“GBS”) liquefaction and floating storage regasification units, as well as associated green and blue hydrogen, ammonia and power projects. Through this approach, Crown aims to provide lower carbon sources of energy securely to under-served markets across the globe. Visit www.crownlng.com/investors for more information.

Contacts

For Crown LNG

Investors
Caldwell Bailey
ICR, Inc.
CrownLNGIR@icrinc.com

Media
Zach Gorin
ICR, Inc.
CrownLNGPR@icrinc.com


FAQ

Who is the new Chairman of Crown LNG Holdings (NASDAQ: CGBS)?

Andrew Judson has been appointed as the new Chairman of Crown LNG Holdings (NASDAQ: CGBS), effective August 2, 2024.

What is Andrew Judson's background before joining Crown LNG (NASDAQ: CGBS)?

Andrew Judson has extensive experience in finance and energy sectors. He is currently a Senior Advisor at Fort Capital and has held leadership positions at Camcor Partners and FirstEnergy Capital. He also serves on the boards of Pieridae Energy and Condor Energies Inc.

What happened to the previous Chairman of Crown LNG (NASDAQ: CGBS)?

The previous Chairman, Jørn Husemoen, will continue to serve as a member of the Board and as Crown LNG's Chief Financial Officer.

When did Andrew Judson join the Board of Crown LNG Holdings (NASDAQ: CGBS)?

Andrew Judson has served as an independent director on Crown LNG's Board since July 2024.

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