Aberdeen International (TSX: AAB) has appointed a new CEO of the company in connection with its pivot to clean energy. Christopher Younger, an experienced executive within the ammonia space, is to now helm the company.
Younger is experienced in business development and strategy, having come from Corporate Development & Strategy division of Nutrien, one of the worlds largest nitrogen producers. Prior to Nutrien, he was previously at PotashCorp, playing a role in the multi-billion dollar transaction that saw two of the largest agricultural producers merge into one.
The appointment of Younger follows the recent diversification into the clean energy space by Aberdeen. The company is in the process of pivoting into renewable power sources, novel technologies, and digitalization within the clean energy sector as the world refocuses on lowering carbon emissions. The pivot has seen the firms investment into AES-100, which is hydrogen technology, take place as the foundation of this pivot.
“Estimates point to a $2.5 trillion market for hydrogen as a clean energy source, with the use of ammonia as both a direct fuel and as an efficient hydrogen carrier. Technology is a key enabler and our objective is to position Aberdeen to help unlock the immense potential in this space.”
Christopher Younger, CEO of Aberdeen
The appointment of Younger sees the replacement of Stan Bharti within the role. Bharti is to remain an advisor to the company.
Aberdeen International last traded at $0.205 on the TSX.
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