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Cormetech Appoints Energy Transition Executive, Patricia Martinez, to President & CEO – Mike Mattes Elevated to Chairman of the Board

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Cormetech, a leading manufacturer of SCR Catalyst and Carbon Capture Adsorbers, has announced a significant leadership change. Patricia Martinez will be appointed as the new President & CEO, effective August 19th, 2024. She brings over 25 years of industry experience, with a focus on low-carbon energy solutions. Mike Mattes, the current President & CEO, will transition to the role of Chairman of the Board.

Martinez's appointment is expected to drive Cormetech's growth in the emissions control industry, particularly in areas such as Electrification, Carbon Capture Utilization and Sequestration (CCUS), Bio Energy, and Hydrogen. The company aims to leverage her expertise to expand its product lines and solidify its position as an industry leader.

Cormetech, un produttore leader di catalizzatori SCR e adsorbitori per cattura di carbonio, ha annunciato un importante cambiamento nella leadership. Patricia Martinez sarà nominata nuovo Presidente e CEO, a partire dal 19 agosto 2024. Porta con sé oltre 25 anni di esperienza nel settore, con un focus sulle soluzioni energetiche a basse emissioni di carbonio. Mike Mattes, l'attuale Presidente e CEO, passerà al ruolo di Presidente del Consiglio.

La nomina di Martinez si prevede contribuirà alla crescita di Cormetech nel settore del controllo delle emissioni, in particolare in aree come elettrificazione, utilizzo e sequestro del carbonio (CCUS), bioenergia e idrogeno. L'azienda intende sfruttare la sua esperienza per espandere le proprie linee di prodotto e consolidare la propria posizione di leader nel settore.

Cormetech, un fabricante líder de catalizadores SCR y adsorbentes de captura de carbono, ha anunciado un cambio significativo en el liderazgo. Patricia Martinez será nombrada nueva Presidenta y CEO, a partir del 19 de agosto de 2024. Aporta más de 25 años de experiencia en la industria, con un enfoque en soluciones de energía baja en carbono. Mike Mattes, el actual Presidente y CEO, pasará al cargo de Presidente de la Junta.

Se espera que el nombramiento de Martinez impulse el crecimiento de Cormetech en la industria de control de emisiones, particularmente en áreas como electrificación, utilización y secuestro de carbono (CCUS), bioenergía e hidrógeno. La empresa pretende aprovechar su experiencia para expandir sus líneas de productos y consolidar su posición como líder en la industria.

Cormetech, SCR 촉매 및 탄소 포집 흡착제의 선도적인 제조업체,가 주요 리더십 변화를 발표했습니다. 패트리샤 마르티네즈회장 겸 CEO로 임명될 예정이며, 2024년 8월 19일부터 발효됩니다. 그녀는 저탄소 에너지 솔루션에 중점을 두고 25년 이상의 산업 경험을 보유하고 있습니다. 현재 회장 겸 CEO인 마이크 매티스이사회 의장직으로 전환됩니다.

마르티네즈의 임명이 Cormetech의 배출가스 제어 산업에서의 성장을 이끌 것으로 기대되며, 특히 전기화, 탄소 포집 이용 및 차단 (CCUS), 바이오 에너지, 수소와 같은 분야에서 두드러질 것입니다. 회사는 그녀의 전문성을 활용하여 제품 라인을 확장하고 업계 리더로서의 입지를 확고히 할 계획입니다.

Cormetech, un fabricant leader de catalyseurs SCR et d'adsorbeurs de capture de carbone, a annoncé un changement significatif à la tête de l'entreprise. Patricia Martinez sera nommée nouvelle Présidente et CEO, à compter du 19 août 2024. Elle apporte plus de 25 ans d'expérience dans l'industrie, avec un accent sur des solutions énergétiques à faibles émissions de carbone. Mike Mattes, l'actuel Président et CEO, deviendra Président du Conseil.

La nomination de Martinez est censée stimuler la croissance de Cormetech dans l'industrie du contrôle des émissions, en particulier dans des domaines tels que l'électrification, l'utilisation et le stockage du carbone (CCUS), la bioénergie et l'hydrogène. L'entreprise prévoit de tirer parti de son expertise pour étendre ses lignes de produits et renforcer sa position en tant que leader du secteur.

Cormetech, ein führender Hersteller von SCR-Katalysatoren und Kohlenstoffabsorbern, hat eine bedeutende Veränderung in der Führung angekündigt. Patricia Martinez wird als neue Präsidentin und CEO ernannt, gültig ab dem 19. August 2024. Sie bringt über 25 Jahre Erfahrung in der Branche mit, mit einem Fokus auf Lösungen für niedrigem Kohlenstoffenergie. Mike Mattes, der derzeitige Präsident und CEO, wird die Rolle des Vorsitzenden des Vorstands übernehmen.

Die Ernennung von Martinez wird voraussichtlich das Wachstum von Cormetech in der Emissionskontrollindustrie fördern, insbesondere in Bereichen wie Elektrifizierung, Kohlenstoffnutzung und -speicherung (CCUS), Bioenergie und Wasserstoff. Das Unternehmen plant, ihr Fachwissen zu nutzen, um sein Produktportfolio zu erweitern und seine Position als Branchenführer zu festigen.

Positive
  • Appointment of Patricia Martinez as new President & CEO, bringing 25+ years of industry experience
  • Martinez's expertise in low-carbon energy solutions aligns with Cormetech's focus on emissions control
  • Continuity in leadership with Mike Mattes transitioning to Chairman of the Board
  • Potential for expansion and globalization of Cormetech's catalyst business
  • Opportunity to commercialize carbon capture portfolio of technologies and services
Negative
  • None.

CHARLOTTE, N.C.--(BUSINESS WIRE)-- John Moore, Cormetech’s Chairman of the Board announced that Cormetech, a leading manufacturer of SCR Catalyst and Carbon Capture Adsorbers and Services for the emissions control industry, is appointing Patricia Martinez as the new President & CEO, effective August 19th, 2024. This strategic leadership transition comes as Mike Mattes retires from the role of President & CEO to assume the position of Chairman of the Cormetech Board of Directors. John Moore said, “I am excited for Patricia and Mike to collaborate and eager to continue to support in my continued role as a Cormetech Board Member.”

Patricia brings a wealth of experience and a proven track record of growing businesses in the natural gas value chain across all major energy markets. Since 2021, she has led the delivery of low-carbon energy solutions, with a particular focus on Electrification, Carbon Capture Utilization and Sequestration (CCUS), Bio Energy, and Hydrogen. Currently Patricia serves on the Boards of NOV (NYSE: NOV) and Par Pacific (NYSE: PARR). Patricia has spent over 25 years in the industry, which includes stints at Dupont, Shell Oil, and TPG backed Valerus Compression Services which was sold to Enerflex (NYSE: EFX). At Enerflex, Patricia served as President of Latin America for 8 years before being appointed Chief Energy Transition Officer. Patricia is known and respected as a thought leader around global natural gas and its role in the energy transition.

"I am honored to join Cormetech and lead this exceptional team," said Patricia. "I look forward to building on the over 35 years of innovative products and services created by Cormetech and continuing to deliver value to our customers, employees, and shareholders. Point Source Carbon Capture is the pinnacle of industrial decarbonization and Cormetech is positioned to lead the journey.”

Mike Mattes has been an integral part of Cormetech (and its predecessor, CoaLogix) for over 17 years, guiding the organizations through significant milestones and achievements. Under his leadership, Cormetech has experienced substantial changes, expanded its product lines in Regeneration, Carbon Capture and Hydrogen, and solidified its position as an industry leader in the emissions control industry. As Chairman of the Board, Mike will continue to provide strategic oversight and support to the executive team.

"It has been my privilege to lead Cormetech and work alongside such a talented group of individuals," said Mike. "I am very confident that Patricia is the absolute right person to expand and globalize our catalyst business and commercialize our carbon capture portfolio of technologies and services. I look forward to supporting her in my new role as Chairman."

“This leadership transition marks an exciting new chapter for Cormetech as it continues to innovate and grow. The Board of Directors is confident these changes will build on the company’s strong legacy and drive it to new heights” said Edoardo Bugnone, Cormetech Board Member.

About Cormetech

Cormetech is a global leader in the design, manufacture, and lifecycle management of technologies that clean the air of harmful pollutants and carbon dioxide (CO2) linked to climate change.

The company’s reputation is built on over three decades of developing and delivering innovative environmental catalysts and CO2 adsorbers, the building blocks of emissions control and carbon capture systems. Cormetech products and services make it possible to balance global energy and infrastructure demands with the need to reduce emissions of nitrogen oxides, mercury, carbon monoxide, volatile organic compounds, and CO2. The world’s top power, industrial, and marine companies rely on Cormetech selective catalytic reduction (SCR), oxidation, and multi-functional catalysts to cost-effectively meet their compliance standards.

Scott Daugherty, Chief Operating Officer

Cormetech, Inc.

daughertysl@cormetech.com

919-815-7448

Source: Cormetech

FAQ

Who is the new President & CEO of Cormetech?

Patricia Martinez has been appointed as the new President & CEO of Cormetech, effective August 19th, 2024.

What is Patricia Martinez's background in the energy industry?

Patricia Martinez has over 25 years of experience in the energy industry, including roles at DuPont, Shell Oil, and Enerflex. She has expertise in low-carbon energy solutions, focusing on Electrification, Carbon Capture Utilization and Sequestration (CCUS), Bio Energy, and Hydrogen.

What role will Mike Mattes take after stepping down as President & CEO of Cormetech?

Mike Mattes will transition from his role as President & CEO to become the Chairman of the Cormetech Board of Directors.

What are Cormetech's main product lines?

Cormetech is a leading manufacturer of SCR Catalyst and Carbon Capture Adsorbers. They have also expanded their product lines in Regeneration, Carbon Capture, and Hydrogen.

Does Patricia Martinez serve on any other company boards?

Yes, Patricia Martinez currently serves on the boards of NOV (NYSE: NOV) and Par Pacific (NYSE: PARR).

Par Pacific Holdings, Inc.

NYSE:PARR

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