Clear Blue Appoints Farrukh Anwar as Chief Financial Officer
December 21 2020 - 7:32AM
Clear Blue Technologies International Inc. (“Clear Blue”) (TSXV:
CBLU) (FRANKFURT: OYA), the Smart Off-Grid™ company, is pleased to
announce the appointment of Farrukh Anwar as its Chief Financial
Officer (CFO). Mr. Anwar will be replacing Paul Kania, who
has served as the interim Chief Financial Officer since June of
2019. In this role, Mr. Anwar will be responsible for overseeing
all financial aspects of the company, while assisting the board of
directors on strategic and tactical matters relating to global
operations, project-based financing, future M&A activities, and
growth financing.
“We are excited to welcome Farrukh to Clear Blue,” said Miriam
Tuerk, CEO of Clear Blue. “With Clear Blue’s recent evolution and
continued growth, Farrukh has been brought on as a full time CFO to
help us scale the business. His global experience and success
provides a valuable skill set that will help Clear Blue to achieve
its strategic and financial objectives as it moves into the next
phase of its growth.”
Mr. Anwar has over 20 years of experience across a broad
spectrum of financial reporting, audits, and corporate finance,
with direct experience in scaling operations and creating
shareholder value to companies listed on the NASDAQ and TSX. Mr.
Anwar received a Bachelor of Commerce in Accounting from Karachi
University in Pakistan and is a both a Canadian Chartered
Accountant and Chartered Professional Accountant (CA/CPA).
“I am very excited about the opportunity to join this
exceptional team at this critical point in the company’s growth,”
said Farrukh Anwar. “Clear Blue’s incredible leadership
and stakeholder community has grown Clear Blue into a leader in
Smart Off-Grid power and I am thrilled to contribute to the next
stage of its growth.”
Adds Tuerk: “We would also like to thank Paul Kania for his
support over the past year and a half. He has been an invaluable
asset to Clear Blue and has made a significant contribution to the
business’ growth thus far. We wish him the best in the future.”
Lastly, Clear Blue has re-engaged German Research GmbH ("German
Research") as its investor relations consultant in Germany under an
extension to the agreement originally signed with German Research
in November, 2018. Under the terms of the extension, which can be
terminated by either party on 30 days' prior written notice, German
Research will receive a cash payment of approximately $5,500 per
month. German Research and Clear Blue are unrelated and
unaffiliated entities, but German Research and/or its clients may
have an interest, directly or indirectly, in the securities of
Clear Blue. There are no performance factors contained in the
agreement.
About Clear Blue Technologies International
Clear Blue Technologies International, the Smart Off-Grid™
company, was founded on a vision of delivering clean, managed,
“wireless power” to meet the global need for reliable, low-cost,
solar and hybrid power for lighting, telecom, security, Internet of
Things devices, and other mission-critical systems. Today, Clear
Blue has thousands of systems under management across 37 countries,
including the U.S. and Canada. (TSXV: CBLU) (FRANKFURT: OYA)
Legal Disclaimer
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Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Investor
Relations:investors@clearbluetechnologies.comhttp://www.clearbluetechnologies.com/en/investors
Miriam TuerkCoFounder &
CEOMiriam@clearbluetechnologies.com+1-416-433-3952
Press Contact: Becky NyeDirectorMontieth &
Company155 E 44th Street, Suite 1610, New York,
NYbnye@montiethco.com
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