Powerhouse Energy Group PLC (LON:PHE), the waste-plastic-to-energy firm, has said Cameron Davies is to hand over the chairman duties for the group to his deputy, Tim Yeo.
Davies will remain on the board of Powerhouse as a non-executive director.
“We are all pleased that we will still have the benefit of his wise counsel as he will continue as a non-executive director,” Yeo said in a statement.
“I am honoured to be appointed chairman of Powerhouse as it stands on the threshold of a new era in its history with the initiation of the Protos application of our DMG technology. Our urgent task now is to start building our first commercial-scale plant and bring forward the day when the world can benefit from the huge environmental benefits which our technology will deliver," the new chairman added