Zefiro Methane Corp. Appoints Mohit Gupta as Chief Financial Officer
2024年7月2日 - 4:05PM
ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B)
(the “Company”, “Zefiro”, or “ZEFI”) today announced the
appointment of Mohit Gupta as Chief Financial Officer. In this
role, Mr. Gupta will help ensure Zefiro is best positioned to
continue accelerating the growth of the Company’s innovative
methane reduction projects and carbon credit portfolios.
Mr. Gupta has over three decades of banking and energy trading
sector experience, most notably as one of the key founding members
of J.P. Morgan’s Energy Trading business. Mr. Gupta has also held
senior executive roles with Ernst & Young and Wells Fargo.
Pictured above, Mohit Gupta has been appointed
Chief Financial Officer of Zefiro Methane Corp.
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Zefiro Founder and Chief Executive Officer Talal Debs commented,
“From helping build an energy markets division at one of the
world’s most venerable financial institutions to skillfully
navigating numerous periods of unprecedented market tumult, Mohit
Gupta’s track record of success is unmatched in our sector. His
unique market expertise and decades of executive experience will be
vital to helping establish Zefiro at the vanguard of the
environmental services industry, and we cannot be more excited to
welcome him to the team.”
Mohit Gupta commented, “While countless impressive new ventures
have come and gone throughout my thirty years in energy trading,
having the chance to help bolster Zefiro’s comprehensive service
model was a unique opportunity that I could not pass up. This
forward-thinking senior leadership team has identified and
capitalized upon a critical sector demand while addressing one of
the most urgent global challenges, and I cannot wait to work with
my new colleagues to expand Zefiro’s service offerings to a
growing, diverse customer base.”
In addition to helping form J.P. Morgan’s Energy Trading
business, Mr. Gupta helped build the firm’s venture capital (Lab
Morgan) division, aided the investment bank’s repositioning
following the ‘dot-com crash’ in the early 2000s, and served as the
company’s Payments Business North American Head and Chief Financial
and Chief Operating Officer of the Global Payments Business.
Following his nearly twenty-five-year tenure at J.P. Morgan, Mr.
Gupta served as Managing Director of Ernst & Young’s Financial
Services Advisory, helping lead the development of the treasury
services, cash management, and payments operations of the practice.
Most recently, Mr. Gupta served as Chief Financial Officer of
Global Operations for Wells Fargo, where he helped transform and
optimize the bank’s operations via strategic applications of
technology and digital transformation. Mr. Gupta also serves as
Chief Operating Officer of X Machina Capital Strategies, which is a
lead sponsor of Zefiro Methane Corp.
About Zefiro Methane Corp.
Zefiro is an environmental services company, specializing in
methane abatement. Zefiro strives to be a key commercial force
towards Active Sustainability. Leveraging decades of operational
expertise, Zefiro is building a new toolkit to clean up air, land,
and water sources directly impacted by methane leaks. The Company
has built a fully integrated ground operation driven by an
innovative monetization solution for the emerging methane abatement
marketplace. As an originator of high-quality U.S.-based methane
offsets, Zefiro aims to generate long-term economic, environmental,
and social returns.
On behalf of the Board of Directors of the Company,
ZEFIRO METHANE CORP.
“Talal Debs”
Talal Debs, Founder & CEO
For further information, please contact:
Zefiro Investor Relations1 (800) 274-ZEFI
(274-9334)investor@zefiromethane.com
For media inquiries, please contact:
Rich Myers - Profile Advisors (New York)media@zefiromethane.com
+1 (347) 774-1125
Forward-Looking Statements
This news release contains “forward-looking information” within
the meaning of applicable Canadian securities legislation.
Forward-looking information is often, but not always, identified by
the use of words such as “seeks”, “believes”, “plans”, “expects”,
“intends”, “estimates”, “anticipates” and statements that an event
or result “may”, “will”, “should”, “could” or “might” occur or be
achieved and other similar expressions. In particular, this news
release contains forward-looking information including statements
regarding: the Company’s intention to reduce emissions from
end-of-life oil and gas wells and eliminate methane gas; the
Company’s partnerships with industry operators, state agencies, and
federal governments; the Company’s expectations for continued
increases in revenues and EBITDA growth as a result of these
partnerships; the Company’s intentions to build out its presence in
the United States; the anticipated federal funding for orphaned
well site plugging, remediation and restoring activities; the
Company’s expectations to become a growing environmental services
company; the Company’s ability to provide institutional and retail
investors alike with the opportunity to join the Active
Sustainability movement; the Company’s ability to generate
long-term economic, environmental, and social returns; and other
statements regarding the Company’s business and the industry in
which the Company operates. The forward-looking information
reflects management’s current expectations based on information
currently available and are subject to a number of risks and
uncertainties that may cause outcomes to differ materially from
those discussed in the forward-looking information. Although the
Company believes that the assumptions and factors used in preparing
the forward-looking information are reasonable, undue reliance
should not be placed on such information and no assurance can be
given that such events will occur in the disclosed timeframes or at
all. Factors that could cause actual results or events to differ
materially from current expectations include, but are not limited
to: (i) adverse general market and economic conditions; (ii)
changes to and price and volume volatility in the carbon market;
(iii) changes to the regulatory landscape and global policies
applicable to the Company's business; (iv) failure to obtain all
necessary regulatory approvals; and (v) other risk factors set
forth in its Prospectus dated April 8, 2024 under the heading “Risk
Factors”. The Company operates in a rapidly evolving environment
where technologies are in the early stage of adoption. New risk
factors emerge from time to time, and it is impossible for the
Company’s management to predict all risk factors, nor can the
Company assess the impact of all factors on Company’s business or
the extent to which any factor, or combination of factors, may
cause actual results to differ from those contained in any
forward-looking information. Forward-looking information in this
news release is based on the opinions and assumptions of management
considered reasonable as of the date hereof, including, but not
limited to, the assumption that general business and economic
conditions will not change in a materially adverse manner. Although
the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such
information. The forward-looking information included in this news
release is made as of the date of this news release and the Company
expressly disclaims any intention or obligation to update or revise
any forward-looking information whether as a result of new
information, future events or otherwise, except as required by
applicable law.
Statement Regarding Third-Party Investor Relations
Firms
Disclosures relating to investor relations firms
retained by Zefiro Methane Corp. can be found under the Company's
profile on SEDAR+ at www.sedarplus.ca/.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/20dc546f-8ead-4980-bc17-ec77326a82c3