Reykjavik, 24 June 2016
Mr K-C Tran, a co-founder and the CEO of CRI ehf. since its formation in Iceland in 2006, has decided to step down from his position as CEO, after steering the company through the initial stages of its operations in the field of renewable methanol and turning it into a recognised world leader in power-to-methanol technology.
Today, CRI produces renewable methanol from carbon dioxide, hydrogen and electricity for energy storage, fuel applications and efficiency enhancement. The company is a technology provider to the power generation and industrial production industries. CRI’s solutions are environmentally friendly and have a minimum effect on land use.
Mr Tran intends to devote his time to consultancy work and lecturing. He will also assist CRI’s Advisory Board, which consists of some of the leading international scientists in the field of renewable energy and methanol production. Mr Tran continues to be a shareholder in CRI.
Mr Sindri Sindrason, the Chairman of the Board of Directors of CRI since 2008, will take over the CEO’s responsibilities and become Executive Chairman. Mr. Sindrason has extensive experience in leading the operations of international product and services companies. He was the CEO of Pharmaco/Actavis, an international pharmaceutical company and he also served as the Chairman of Eimskip, an international shipping and logistics company.
Mr K-C Tran: “I have now decided to step down as the CEO of CRI after ten years of hard, exciting work and where a number of important milestones have been reached in the life of the company. It is with great pride that I leave the company with solid foundations and an exciting future. It gives me an immense pleasure to have been a member of the team that created a leading company in the field of power-to-methanol technology and I look forward to taking part in CRI’s further success.”
Mr. Sindri Sindrason: “CRI, together with its shareholders and management, are grateful for the important vision and leadership that K-C Tran has provided to the company over the last ten years. K-C leaves the company in a great place and poised for an exciting future. I very much look forward to taking on the role as Executive Chairman of CRI and to leading the company to the next stage in its development, together with its highly competent and dedicated employees.”