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CO2 Group CEO Steps Down as Business Pursues New Growth Areas

21 January 2014

AUSTRALIA - Mr Andrew Grant is to step down from his role as Chief Executive Officer of CO2 Group Limited due to changes in market circumstances.

Recent changes in government policy, the proposed abolition of the current carbon pricing regime and continuing uncertainty in the carbon market generally has led the company to reduce the scale of its carbon operations and pursue new growth areas, such as expanding its environmental services and trading businesses and its developing aquaculture business.

During his ten years with group, Mr Grant made a significant contribution to the development of CO2 Australia and led the expansion of the company’s carbon business into the New Zealand market.

The Board thanked Mr Grant for his leadership and valuable contribution during his time with the company and wished him well in his future endeavours.

The group will pursue its growth opportunities with Dr Chris Mitchell, Executive Director Corporate Development and Managing Director of subsidiary CO2 Australia and Mr Rob Bell, Managing Director of the aquaculture development business both reporting directly to the Company’s Executive Chairman, Mr Ian Trahar.


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