Advent Technologies Announces Management and Board Changes

Core Viewpoint - Advent Technologies Holdings, Inc. has undergone significant leadership changes, appointing Gary Herman as Interim CEO and introducing new executives to enhance its strategic direction and operational capabilities [1][2][3][4]. Leadership Changes - Vasilis Gregoriou and Chris Kaskavelis have been removed from their positions as Chairman/CEO and Chief Strategy Officer, respectively [1]. - Gary Herman, an experienced turnaround executive, has been appointed as Interim CEO, emphasizing the need for change and the untapped potential of the company [2]. - Dr. Steven Rock has been appointed as the new Chief Strategy Officer, bringing expertise in automation and a focus on improving High Temperature PEM Fuel Cells [3]. New Appointments - Konstantinos Ferderigos has been appointed as General Manager for Greek Operations, leveraging his extensive experience in IT and management to drive technology strategy [2]. - The leadership team is expected to enhance operational excellence and unlock business value through their combined expertise [2][4]. Company Vision and Goals - The company aims to position its HT-PEM fuel cell technology as a key player in global decarbonization efforts, targeting net-zero emissions across various sectors [4]. - The leadership changes are seen as a pivotal step towards achieving Advent 2.0, focusing on growth and innovative solutions in the clean energy sector [4]. Company Overview - Advent Technologies is a U.S. corporation specializing in the development and manufacturing of fuel cell systems and components for the renewable energy sector [5]. - The company holds over 150 patents related to fuel cell technology, particularly in high-temperature applications suitable for multiple industries [5].