LONDON - Triple Point Energy Transition PLC (TENT) announced on Thursday that John Roberts has stepped down as Chair of the company, effective immediately. The move comes as part of a managed wind-down aimed at reducing operating costs and maximizing cash returned to shareholders.
Rosemary Boot will take over as Chair, maintaining her role as Chair of the Audit Committee, which the Board deems appropriate under the circumstances. Additionally, Anthony White has been appointed as Senior Independent (LON:IOG) Director.
The Board has decided that a three-member team is adequate to oversee the company's operations during the wind-down phase, leading up to the proposed members' voluntary liquidation. This decision follows significant progress in asset disposals and the sale of TENT Holdings.
Rosemary Boot expressed gratitude to John Roberts for his contributions since the company's IPO in 2020, especially during the challenging economic and political climate for investment trusts in the energy transition sector over the past two years. She also conveyed the Board's commitment to achieving the best outcome for the remaining asset disposals.
This announcement reflects the company's strategic adjustments as it navigates the final stages before its planned liquidation. The information is based on a press release statement from Triple Point Energy Transition PLC.
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