Verde Clean Fuels, Inc. Announces Appointment of Chief Financial Officer

Rhea-AI Summary

Verde Clean Fuels (NASDAQ: VGAS) has appointed George Burdette as Chief Financial Officer. Burdette brings over 15 years of experience in finance, commercial operations, corporate development, and investment management. CEO Ernie Miller expressed confidence in Burdette's ability to advance the company's plans for deploying its proprietary liquid fuels processing technology through commercial production plants.

Burdette's previous roles include CFO at Arbor Renewable Gas and Itafos, as well as head of project finance at First Solar. He has experience in energy infrastructure and private equity, holding a Bachelor's degree in International Business and French from Wofford College and an International MBA from the University of South Carolina.

Positive

• Appointment of experienced CFO with over 15 years in finance and energy sectors
• New CFO's background aligns with Verde's focus on renewable fuels and technology deployment
• Potential for improved financial management and strategic planning with new CFO

Negative

• None.

George Burdette joins Verde leadership team bringing more than 15 years of financial, commercial, corporate development, and investment management experience

HOUSTON--(BUSINESS WIRE)-- Verde Clean Fuels, Inc. (“Verde” or “the Company”) (NASDAQ: VGAS) announces the appointment of George Burdette as Chief Financial Officer ("CFO").

“We are pleased to announce the appointment of George Burdette as CFO. George brings a wealth of experience and expertise in all aspects of finance and will be instrumental as we advance our plans to deploy our proprietary liquid fuels processing technology through the development of commercial production plants," said Ernie Miller, Verde’s Chief Executive Officer.

Mr. Burdette will be responsible for all aspects of finance for the Company. Prior to joining the Company, Mr. Burdette served as CFO of Arbor Renewable Gas, a private equity owned renewable fuels platform. Prior to Arbor, Mr. Burdette served as CFO of Itafos, a publicly traded, global phosphate fertilizer producer (TSX-V: IFOS). Prior to Itafos, Mr. Burdette was head of project finance at First Solar (NASDAQ: FSLR), where he was responsible for project finance and commercial initiatives in the US, Latin America, and South Africa. Prior to First Solar, Mr. Burdette held various finance, corporate development, and investment management roles in energy infrastructure and private equity. Mr. Burdette received a Bachelor of Arts in International Business and French from Wofford College and an International Master of Business Administration from the University of South Carolina.

About Verde Clean Fuels, Inc.

Verde is a clean fuels company focused on the deployment of its innovative and proprietary liquid fuels processing technology through development of commercial production plants. Verde's syngas-to-gasoline plus (STG+®) process converts syngas, derived from diverse feedstocks (including biomass or stranded or flared natural gas) into fully finished liquid fuels that require no additional refining, such as Reformulated Blend-stock for Oxygenate Blending (“RBOB”) gasoline.

For more information, please visit www.verdecleanfuels.com.

Forward-Looking Statements

The information included herein and in any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included herein, regarding Verde’s expectations and any future financial performance, as well as Verde’s strategy, future operations, financial position, prospects, plans and objectives of management are forward-looking statements. When used herein, including any oral statements made in connection herewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “plans,” “goal,” “project,” “preliminary discussions,” “designed,” “potential,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on Verde management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Verde disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. Verde cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Verde. These risks include, but are not limited to: general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the failure to realize the anticipated benefits of a particular transaction; the risks related to the growth of Verde’s business and the timing of expected business milestones; the ability of Verde to obtain financing in connection with a particular transaction or in the future; and the effects of competition on Verde’s future business. Should one or more of the risks or uncertainties described herein and in any oral statements made in connection therewith occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. There may be additional risks that Verde presently do not know or that Verde currently believe are immaterial that could cause actual results to differ from those contained in the forward-looking statements. Additional information concerning these and other factors that may impact Verde’s expectations and projections can be found in Verde’s filings with the Securities and Exchange Commission (the “SEC”). Verde’s SEC filings are available publicly on the SEC’s website at www.sec.gov.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241003531783/en/

Media Relations:

Juliet Fisher (Merchant)

juliet@merchant.agency

Investor Relations:

Caldwell Bailey (ICR)

verdeIR@icrinc.com

Source: Verde Clean Fuels, Inc.

FAQ

Who is the new CFO of Verde Clean Fuels (VGAS)?

George Burdette has been appointed as the new Chief Financial Officer of Verde Clean Fuels (NASDAQ: VGAS).

What is George Burdette's background before joining Verde Clean Fuels (VGAS)?

Before joining Verde Clean Fuels, George Burdette served as CFO of Arbor Renewable Gas and Itafos, and was head of project finance at First Solar. He has over 15 years of experience in finance, commercial operations, corporate development, and investment management.

What will be George Burdette's responsibilities at Verde Clean Fuels (VGAS)?

As CFO of Verde Clean Fuels, George Burdette will be responsible for all aspects of finance for the company, including advancing plans to deploy the company's proprietary liquid fuels processing technology through commercial production plants.

How might George Burdette's appointment impact Verde Clean Fuels' (VGAS) business strategy?

George Burdette's extensive experience in renewable fuels and project finance could help Verde Clean Fuels advance its plans to deploy its proprietary liquid fuels processing technology and develop commercial production plants.