~Appointment of Stephanie
Mason as CFO completes planned succession~
VANCOUVER, BC, Nov. 15,
2024 /CNW/ - Greenlane Renewables Inc.
("Greenlane") (TSX: GRN) (FSE: 52G) today announces the
appointment of Stephanie Mason as
Chief Financial Officer ("CFO"), effective January 13, 2025.
Ms. Mason brings over 15 years of experience to her new role as
Greenlane's CFO. Ms. Mason has been with Greenlane for over 4
years, most recently as Director of Finance following a promotion
from Corporate Controller. Prior to working at Greenlane, Ms. Mason
gained experience at other TSX-listed renewable energy companies
managing teams responsible for financial reporting, regulatory
compliance and other finance activities. Ms. Mason developed her
strong accounting foundation at PricewaterhouseCoopers where she
obtained her CPA, CA designation.
"We are excited to welcome Stephanie into the role of CFO," said
Brad Douville, CEO of Greenlane
Renewables. "Stephanie brings a depth of expertise in finance,
reporting, and operations and provides continuity in leadership at
Greenlane. Transitioning overall financial leadership from
Monty Balderston to Stephanie
starting at the beginning of 2025 completes a planned succession as
we continue to advance our strategic goals in the RNG space. During
his tenure as CFO over the last couple of years, Monty has provided
solid leadership of the finance function at Greenlane and played a
pivotal role on the senior management team. I want to thank Monty
for all of his contributions."
"I am honored to become Greenlane's CFO. This is an organization
recognized for its commitment to sustainability and innovation,"
stated Ms. Mason. "I look forward to contributing to the company's
financial reporting strength and supporting its growth
objectives."
Mr. Balderston will remain as CFO until voluntarily resigning
effective January 13, 2025. Mr.
Balderston will support the transition to Ms. Mason upon her
appointment, following which he will leave the Company on
January 24, 2025.
Further to the management update announced on August 23, 2024, Ian
Kane will be completing his transitional role as President
and will leave the Company on November 22,
2024 when he will step down from Greenlane's Board of
Directors. The Company wishes to thank Mr. Kane for all of his
efforts in helping drive Greenlane's business plan.
About Greenlane Renewables
Greenlane is driving change: accelerating the energy transition
to a net-zero emissions economy. We are cleaning up two of the
largest and most difficult to decarbonize sectors of the global
energy system: the natural gas grid and commercial transportation.
As a pioneer and leading specialist in biogas upgrading, we have
been actively contributing to the decarbonization of our planet for
over 35 years. The systems we provide transform biogas generated
from organic waste into high-value grid-ready renewable natural gas
("RNG"). Our systems produce clean, low-carbon and carbon-negative
RNG from organic waste sources including agriculture (such as dairy
and hog manure), water resource recovery facilities, food waste,
landfills, and sugar mills. Greenlane is the only biogas upgrading
company offering and actively deploying the three main upgrading
technologies: waterwash, pressure swing adsorption, and membrane
separation, plus proprietary biogas desulfurization technology.
Greenlane has delivered over 145 biogas upgrading systems into 19
countries, including some of the largest RNG production facilities
in the world, and over 160 biogas desulfurization units. For
further information, please visit www.greenlanerenewables.com.
SOURCE Greenlane Renewables Inc.
