CALGARY, Alberta, Nov. 28, 2024 (GLOBE NEWSWIRE) — Acceleware Ltd. (Acceleware or the Company) (TSX-V: AXE), a leading innovator of transformative technologies targeting the decarbonization of industrial process heat, today announced the pending departure of Ms. Tracy Grierson, its Chief Financial Officer, to pursue other career opportunities, after nearly six years of dedicated service with the Company.
Ms. Grierson has served as Acceleware’s fractional CFO since 2019. She will assist the Company to ensure minimal disruption and a successful transition of her duties prior to her departure, slated for mid-December.
Acceleware President and CEO, Geoff Clark, stated, Tracy has been a rock-solid performer as CFO and a great asset to the Company. She will be missed by her fellow employees and Executive team members. Board Chair Bohdan Romaniuk added that the Board was likewise sad to hear of Ms. Grierson˜s planned departure from the Company, but is very grateful to have benefited from her contributions to the team over these past several years. We wish her all the best in her future endeavors.
Said Ms. Grierson, I am proud of what we have accomplished in my years here, and this was not an easy decision to make. It has been an absolute pleasure working at Acceleware. I will miss working with the team, and wish the Company all the best.
If the Company is unable to find a replacement for Ms. Grierson prior to her departure, then Acceleware’s Chief Operating Officer, Mike Tourigny, will assume the CFO’s duties on an interim and temporary basis until a new CFO is hired. Mr. Tourigny, a 30-year veteran of the ICT industry, holds an MBA from the University of Calgary and a Bachelor of Commerce in Finance from the University of British Columbia. Mr. Tourigny is financially literate, as defined in National Instrument 52-110 “ Audit Committees and required by TSXV Policy 3.1.
About Acceleware
Acceleware is an advanced electromagnetic (EM) heating company with highly scalable EM solutions for large industrial applications. The Company’s solutions provide an opportunity to economically electrify and decarbonize industrial process heat applications previously considered difficult to abate, which could have a significant impact on global GHG emissions.
Acceleware is piloting RF XL, its patented low-cost, low-carbon EM thermal production technology for heavy oil and oil sands that is materially different from any heavy oil recovery technique used today. The Company…
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