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Kalina Power Ltd appoints new CEO in revised business strategy

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Kalina Power Ltd (ASX:KPO) has appointed Ross MacLachlan as managing director and chief executive officer, keeping with the company’s revised business strategy.

Kalina is a power company that owns the Kalina Cycle® Technology.

The Kalina Cycle® Technology utilises waste heat generated from industrial processes, such as petrochemical, steel or cement making, to produce electricity.

The technology can also be used to generate power from renewable energy sources such as geothermal and solar thermal.

MacLachlan was recruited to Kalina by the company’s two largest investors in January 2015 and became integral to the company’s restructuring and development.

He has over 35 years experience in technology commercialisation and success in the renewable energy sector.

His appointment as CEO is in keeping with the company’s revised business strategy which includes the recruitment of senior executives to secure partnerships, preferred vendors and project financing for the deployment of the Kalina Cycle on an international scale. 

Kalina shares are up 20% over the past month, currently trading at $0.091.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Kalina Power Ltd

Price: 0.034 AUD

ASX:KPO
Market: ASX
Market Cap: $27.85 m
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