Velocys Appoints New CEO

Gas-to-liquids technology firm Velocys plc has appointed David Pummell as its new chief executive officer with immediate effect.

With over 30 years of energy and oil industry experience, Pummell joins Velocys from ACAL Energy Ltd, a private equity backed fuel cell technology company, where he was CEO. Pummell began his career at BP plc as a chemical engineer before going on to hold a number of executive positions across the company’s downstream business.

Pierre Jungels, chairman of Velocys, commented in a company statement:

"The board is delighted to welcome David as Velocys' new CEO to lead the company during its commercial phase. His extensive experience, complementary skill set and outstanding track record of commercializing technologies means that he is ideally positioned to drive forward the company's next phase of growth. David's appointment completes the company's strong and established senior management team and we all look forward to working with him going forward."

David Pummell, CEO of Velocys, said in a company release:

"I am delighted to be joining the company at such an exciting time and will continue building on an excellent foundation provided to globally commercialise the technology and grow the business at pace. I look forward to setting out my strategic vision for this growth in the coming months."

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