Ecoslops, a technology company that upgrades ship-generated hydrocarbon residue, or “slops”, into valuable new fuels and light bitumen, announced a change in its governance.
The company’s current CEO, Vincent Favier, has been named the new Chairman of the Board effective November 15, 2016, following Michel Pingeot’s decision to stand down from his position as Chairman of the Board of Directors.
Pingeot has divested a 3 percent stake in Ecoslops to SOPREMA, a global player in waterproofing, insulating and protection for buildings. He will be put forward as censor and Honorary Chairman of the Board. Pingeot is behind the innovation that enabled the company to be created and was the driving force during the construction and launch of the first industrial site in Sinès, Portugal.
Following SOPREMA’s investment, Pierre-Etienne Bindschedler, President of the SOPREMA group, has been co-opted as a Board member by the Board of Directors effective November 15, 2016, pending the ratification of his appointment by the Shareholders’ Meeting to be held in 2017.