In a strategic move to bolster its global expansion efforts, smart building materials company ClearVue Technologies Ltd (ASX:CPV, OTCQB:CVUEF) has appointed industry veteran Martin Deil as its new CEO, effective June 1, with shares trading higher as a result.
The company said Deil's extensive experience in the international façade and architectural envelopes sector positioned him to further enhance ClearVue's global reach and market opportunities.
Deil worked his way up to senior management positions in the Permasteelisa Group over a 22-year period, most recently serving as CEO where he oversaw 100 employees and was responsible for annual revenues of A$285 million.
“With an extensive background in the global façade and building envelope industry, Martin brings a wealth of knowledge and a proven track record of driving success in highly competitive markets around the world,” ClearVue non-executive chair Victor Rosenberg said.
“Martin’s visionary leadership, strategic acumen and deep understanding of global business trends in the façade and architectural envelope business, including in the area of sustainability and construction decarbonisation, makes him the ideal candidate to steer our company towards continued growth, innovation and expansion.”
Investors have also welcomed the appointment with CPV shares as much as 190.52% higher in the first hour of ASX trading to A$0.245, the highest price since September last year.
Accelerating growth trajectory
Deil's appointment follows the recent addition of industry experts Gerd Hoenicke and Charles 'Chuck' Mowrey to the board and Clifton Smyth as chief business development officer.
These appointments are part of ClearVue's ongoing strategy to accelerate its growth trajectory globally and expand its US and European market footprints through deep industry engagement.
“I am genuinely impressed by the company's achievements thus far and the strong foundation that has been established,” Incoming CEO Martin Deil said.
“I feel honoured to be able to work for a company that can make a genuine contribution to the Climate Crisis through the reduction of carbon in construction; a staggering 39% of global carbon emissions are from construction with around 11% coming from embodied carbon in new builds.
“The ClearVue solution helps reduce both the embodied carbon, but also operational carbon which is extremely rare in the construction industry.
“I firmly believe in the power of collaboration and open communication, and I am committed to fostering a culture of excellence, integrity, and continuous improvement within our organisation, and to maximising returns for our shareholders.
“I would like to thank the board and management for this incredible opportunity. I am confident that, together, we will accomplish great things.”