|By PR Newswire||
|December 19, 2013 02:30 AM EST||
BORDEAUX, France, December 19, 2013 /PRNewswire/ --
Europlasma is pleased to announce that the Board, upon successful completion of a search by a specialist international recruitment company, has nominated Mr Jean-Eric Petit to the post of Chief Executive Officer from the 6th January 2014. Jean-Eric takes over from Francois Marchal who was nominated in July 2013 as Managing Director of the group for a period of 6 months, and will remain a member of the Europlasma Board. Jean-Eric will also manage Europlasma's subsidiaries CHO Power, Inertam and CHOPEX.
After several years in the aeronautical sector in France, during which he became familiar in particular with plasma torch technology, Jean-Eric became CEO in 1996 of MES Ltd (Martin Engineering Systems) in the UK, active in the treatment and use of waste. In this capacity, he was instrumental in the financing and construction of the majority of waste-to-energy plants in Great Britain between 1996 and 2000. He also created and managed MES Environmental Ltd, 100% subsidiary of MES dedicated to the operation and maintenance of these plants.
In 2000 Jean-Eric joined private equity firm 3i plc as sector partner, responsible for Environment and Renewable Energy as well as Aeronautics and Defence. For 3i, Jean-Eric invested nearly 1 billion pounds in 9 years, all over the world. He also represented 3i interests at committee level for several companies including SR Technics (Switzerland) and Aviapartner (Belgium).
In 2009, Jean-Eric joined MWM, a world leader in the supply of gas and biogas engines and power plants, owned by 3i plc. As CEO of MWM France and MWM Benelux, Jean-Eric turned around these subsidiaries, delivering growth (doubled MWM France turnover) and profits (eliminated MWM Benelux losses). At the end of 2011, MWM was sold by 3i plc to Caterpillar.
Jean-Eric is a graduate of ESTP (Ecole Supérieure des Travaux Publics) and obtained an International MBA from EM Lyon Business School.
Commenting of this nomination, Pierre Catlin, President of the Group declared "The Board and I are happy to welcome Jean-Eric as new CEO and we have every confidence that he will put in place the necessary measures in order to improve profitability and accelerate growth, and therefore restore shareholder value".
Europlasma is a French Group operating in the clean technologies and renewable energy production industries. Founded in 1992 to apply its proprietary plasma torch technology to hazardous waste destruction, it is now built on the following three business units:
- Europlasma is a world-wide supplier of plasma heating systems and related applications
- Inertam is the global specialist in the destruction and recycling of asbestos and hazardous waste
- CHO Power is a producer of electricity from waste and biomass gasification.
http://www.europlasma.com [Alternext - NYSE Euronext Paris - Mnemo : ALEUP - Isin : FR0000044810]
Press and investor contacts
François MARCHAL, Chief Executive Officer
Estelle MOTHAY, Chief Financial Officer
Anne BORDERES, Press & Shareholders contact