Advent Technologies Announces New Chief Financial Officer
July 02 2021 - 5:05PM
Business Wire
Kevin
Brackman to join the company on July 2, 2021
Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or
the “Company”), an innovation-driven leader in the fuel cell and
hydrogen technology space, today announced that Kevin Brackman will
be joining the Company as its new Chief Financial Officer. He will
report to Advent Chairman and CEO Dr. Vasilis Gregoriou.
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the full release here:
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Kevin Brackman joins Advent Technologies
as CFO (Photo: Business Wire)
Mr. Brackman is a highly experienced executive who most recently
served as CFO of Myers Industries, a publicly traded corporation
with internationally located manufacturing and sales operations in
the polymer production sector. Before his promotion to CFO in 2018,
he served as Myers’ chief accounting officer and corporate
controller. Prior to joining Myers, Mr. Brackman was director of
financial planning and analysis, financial reporting and technical
accounting at Ingersoll-Rand and previously excelled in a variety
of positions at Chiquita Brands International, including assistant
corporate controller and controller - North American operations. He
is experienced leading in the public company environment and has a
track record of developing and improving internal controls and
reporting systems across all levels of an organization.
Mr. Brackman stated, “I am excited by the opportunity at Advent
and look forward to supporting the Company through the integration
of its targeted acquisitions of Serenergy and fischer eco
solutions. I plan to leverage the experience I’ve gained over
nearly thirty years in accounting and financial reporting to help
the Company in its mission to decarbonize the planet through
Advent’s innovative fuel cell technology.”
Dr. Vasilis Gregoriou, Advent’s Chairman and CEO, said, “Kevin’s
strong background in finance and accounting will be an asset to
Advent and he has the expertise to help the Company reach the next
stage in its growth. He has a demonstrated history of success, and
I am pleased that he has decided to join us in our objective of
providing green power across all energy sectors.”
Mr. Brackman replaces Bill Hunter, who had served as CFO of
Advent following its merger in February 2021 with AMCI Acquisition
Corp., where he was Chief Executive Officer. Mr. Hunter left Advent
to pursue other interests and continue his existing board work.
“Bill’s efforts were instrumental in Advent making its debut on
the public markets, and everyone at the Company wishes him the best
of luck in his future endeavors,” said Dr. Gregoriou.
Bill Hunter stated, “I am very proud of the work that the Advent
team has done to make the business combination with AMCI
Acquisition Corp. a success. With groundbreaking technology and the
leadership of Dr. Gregoriou and his team, the future is very bright
for the Company going forward.”
About Advent Technologies Holdings,
Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that
develops, manufactures, and assembles critical components for fuel
cells and advanced energy systems in the renewable energy sector.
Advent is headquartered in Boston, Massachusetts, with offices in
the San Francisco Bay Area and Europe. With 120-plus patents issued
(or pending) for its fuel cell technology, Advent holds the IP for
next-generation high-temperature proton exchange membranes (HT-PEM)
that enable various fuels to function at high temperatures under
extreme conditions – offering a flexible “Any Fuel.
Anywhere.” option for the automotive, maritime, aviation, and
power generation sectors. For more information, visit
www.advent.energy.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These
forward-looking statements generally can be identified by the use
of words such as “anticipate,” “expect,” “plan,” “could,” “may,”
“will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and
other words of similar meaning. Each forward-looking statement
contained in this press release is subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied by such statement. Applicable risks
and uncertainties include, among others, the Company’s ability to
realize the benefits from the business combination; the Company’s
ability to maintain the listing of the Company’s common stock on
Nasdaq; future financial performance; public securities’ potential
liquidity and trading; impact from the outcome of any known and
unknown litigation; ability to forecast and maintain an adequate
rate of revenue growth and appropriately plan its expenses;
expectations regarding future expenditures; future mix of revenue
and effect on gross margins; attraction and retention of qualified
directors, officers, employees and key personnel; ability to
compete effectively in a competitive industry; ability to protect
and enhance our corporate reputation and brand; expectations
concerning our relationships and actions with our technology
partners and other third parties; impact from future regulatory,
judicial and legislative changes to the industry; ability to locate
and acquire complementary technologies or services and integrate
those into the Company’s business; future arrangements with, or
investments in, other entities or associations; and intense
competition and competitive pressure from other companies worldwide
in the industries in which the Company will operate; and the risks
identified under the heading “Risk Factors” in our Annual Report on
Form 10-K/A filed with the Securities and Exchange Commission on
May 20, 2021, as well as the other information we file with the
SEC. We caution investors not to place considerable reliance on the
forward-looking statements contained in this press release. You are
encouraged to read our filings with the SEC, available at
www.sec.gov, for a discussion of these and other risks and
uncertainties. The forward-looking statements in this press release
speak only as of the date of this document, and we undertake no
obligation to update or revise any of these statements. Our
business is subject to substantial risks and uncertainties,
including those referenced above. Investors, potential investors,
and others should give careful consideration to these risks and
uncertainties.
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version on businesswire.com: https://www.businesswire.com/news/home/20210702005436/en/
Advent Technologies Holdings, Inc. Elisabeth Maragoula
emaragoula@advent.energy
Sloane & Company James Goldfarb / Emily Mohr
jgoldfarb@sloanepr.com / emohr@sloanepr.com
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