Kistos Holdings plc has executed its beforehand introduced appointment of James Thomson as the corporate’s chief monetary officer (CFO). In October 2024, the corporate named Thomson as deputy CFO, planning to transition him to the CFO put up on January 1, 2025.
The corporate mentioned in a media launch that Thomson succeeded Richard Slape, who held this place since October 2021 and will likely be stepping down from his board tasks. The early appointment enabled a easy transition of roles with Slape over the previous three months, it mentioned.
Thomson has been concerned within the pure sources sector since March 2019, beginning because the Finance Director of RockRose Power and later taking over a senior finance place because the Head of Design and Implementation at Anglo American. Earlier than that, Thomson devoted 14 years to PwC, with the final 4 years serving as a Companion in Santiago, Chile. He obtained his Chartered Accountant qualification in 2007, Kistos mentioned.
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“I’m happy to announce that James has agreed to hitch the Kistos Holdings plc staff and sit up for welcoming him onto the Board firstly of subsequent yr. His data and expertise will likely be invaluable as we proceed to develop the enterprise for the advantage of all stakeholders”, Andrew Austin, Kistos’ Govt Chairman, mentioned in October.
Kistos was based to accumulate and handle corporations within the power sector, specializing in the power transition. Notable transactions embody the 2021 acquisition of cash-generative pure gasoline belongings within the Netherlands from Tulip Oil Netherlands BV, a 20 % stake within the Better Laggan Space from TotalEnergies in July 2022, and the Could 2023 buy of Mime Petroleum AS, including 24 million barrels of oil equal (MMboe) of 2P reserves. In April 2024, Kistos acquired UK gasoline storage belongings able to delivering as much as 11 % of the UK’s versatile day by day gasoline capability.
The corporate mentioned in November that it invested in Spiralis Power Ltd., a tidal power enterprise. Based on Kistos, Spiralis Power’s tidal know-how is at a complicated stage of testing, with the potential to revolutionize the sector.
Spiralis Power’s Axial Skelter, a tidal energy answer constructed from recyclable, 3D-printed segments, will be produced in underneath every week, with simply transportable and replaceable elements. Supported by a GBP 800,000 ($1.02 million) funding from Kistos, which incorporates 10 % fairness and 10 % warrants, granting them board illustration, Spiralis will conduct long-term survivability testing, Kistos mentioned. This goals to exhibit the Axial Skelter’s resilience and pave the best way for wider deployment as a sustainable power supply.
To contact the creator, electronic mail andreson.n.paul@gmail.com
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