Evolve Completes Senior Leadership Transition
December 02 2021 - 4:15PM
Evolve Transition Infrastructure LP (“Evolve”) (NYSE American:
SNMP), a publicly traded limited partnership focused on the
acquisition, development and ownership of infrastructure critical
to the transition of energy supply to lower carbon sources, today
announced the completion of previously disclosed senior leadership
changes, including the addition of key members of the HOBO
Renewable Diesel, LLC (“HOBO”) management team and the departure of
Evolve Chief Executive Officer, Gerald Willinger.
Effective December 1st, HOBO Co-Founder and Chief Executive
Officer Randy Gibbs became the new Chief Executive Officer of
Evolve’s general partner as well as a member of its board of
directors. Mike Keuss, HOBO Co-Founder and President, has assumed
the role of President and Chief Operating Officer of Evolve’s
general partner, and HOBO’s Chief Financial Officer, Jonathan
Hartigan, has joined as the new President and Chief Investment
Officer of Evolve’s general partner.
Evolve’s new management team will continue to pursue diversified
energy transition opportunities, including the previously announced
Levo Mobility LLC joint venture (“Levo JV”) focused on fleet
electrification, as well as funding the construction of HOBO’s
initial project that is expected to produce more than 120 million
gallons of renewable fuels annually. New management will also
evaluate Evolve’s capital structure to identify ways of further
enhancing its ability to raise funds for future energy transition
projects, and expects to consider, among other initiatives, a
potential election to be taxed as a corporation in order to access
a broader range of potential investors.
“Mike, Jonathan and I are honored to officially join in our new
roles and lead Evolve at such a dynamic time in its history,” said
Randy Gibbs, Chief Executive Officer of Evolve. “We look forward to
working closely with the entire Evolve team as we continue to shift
the business toward meaningful energy transition opportunities and
creating additional value for our unitholders.”
About Evolve Transition Infrastructure LPEvolve
Transition Infrastructure LP (NYSE American: SNMP) is a
publicly-traded limited partnership formed in 2005 focused on the
acquisition, development and ownership of infrastructure critical
to the transition of energy supply to lower carbon sources.
Additional information about Evolve can be found in our
documents on file with the Securities and Exchange Commission
(“SEC”) which are available on our website at
www.evolvetransition.com and on the SEC’s website at
www.sec.gov.Contacts
EvolveCharles WardChief Financial
Officerir@evolvetransition.com (713) 800-9477
Forward-Looking Statements
This press release contains “forward-looking statements,” which
involve risks and uncertainties. All statements, other than
statements of present or historical fact, included in this press
release are forward-looking statements. Any statements that refer
to Evolve’s future strategy, future uses of capital, future
operations, plans and objectives of management or other
characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements.
Forward-looking statements in this press release may include, for
example, statements about the production expectations for HOBO’s
initial project and other statements about Evolve, HOBO or the Levo
JV. In some cases, you can identify forward-looking statements by
terminology such as “may,” “expect,” “plan,” “anticipate,”
“believe,” “project” or the negative of such terms or other similar
expressions. These forward-looking statements are based on
management’s current beliefs, expectations and assumptions
regarding the future of Evolve’s business, future plans and
strategies, projections, anticipated events and trends, the economy
and other future conditions. These forward-looking statements are
subject to known and unknown risks, uncertainties and assumptions
about Evolve, HOBO, and the Levo JV opportunity that may cause
Evolve’s actual results, levels of activity, performance or
achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by such forward looking statements. Therefore, you should
not rely on any of these forward-looking statements. Management
cautions all readers that the forward-looking statements contained
in this press release are not guarantees of future performance, and
actual results may differ materially from those anticipated or
implied in forward-looking statements. For more information
concerning factors that could cause actual results to differ from
those expressed or forecasted, please read Evolve’s filings with
the SEC, with particular attention to the “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” sections in Evolve’s most recent Annual
Report on Form 10-K and Quarterly Report on Form 10-Q, all of which
are available on Evolve’s website at www.evolvetransition.com and
on the SEC’s website at www.sec.gov. These cautionary statements
qualify all forward-looking statements attributable to Evolve or
persons acting on Evolve’s behalf. Except as otherwise required by
applicable law, Evolve disclaims any duty to update any
forward-looking statements, all of which are expressly qualified by
the statements in this section, to reflect events or circumstances
after the date of this press release.
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