Ken Jagger Appointed as Interim CEO
Highlights
- ClearVue appoints Kenan (Ken) Jagger as its Interim CEO
- Mr Jagger brings 17 years of financial markets experience to the Company
- ClearVue resets strategic focus in light of COVID-19
- ClearVue under Mr Jagger’s guidance will be to focus on key sales territories of Australia, Europe and US
23 July 2020: Smart building materials company ClearVue Technologies Limited (ASX:CPV) (ClearVue or the Company) is pleased to announce the appointment of Mr Kenan (Ken) Jagger as its Interim CEO effective immediately.
Mr Jagger is a finance and sales executive with 17 years’ experience. Mr Jagger has established, grown and run third party ‘reseller’ networks on a national basis, having worked for General Electric, Halifax Bank of Scotland Australia, Commonwealth Bank and most recently as a Partner in a boutique investment bank. Mr Jagger has been working with ClearVue since March of 2019 and was appointed to the role of Chief Commercial Officer in October of 2019 to focus the Company on its commercialisation, business development and growth goals.
Mr Jagger has been focussed on establishing relationships into ClearVue’s key markets of Australia, Europe and the United States. In these markets the product need for ClearVue’s innovative solar PV and energy efficient glazing solution is already established, understood and represents the most immediate path to sales for the Company.
Mr Jagger will continue to focus on these key markets while taking commercial leadership of the business including management of capital markets and investor relations.
Strategy Reset
In light of challenges posed by the COVID-19 pandemic including negative impacts to suppliers, distributors and other licensees, travel restrictions, disruption to capital markets and international trade, the Company has undertaken a review of priorities in order to reset the Company’s strategy and to ensure the delivery of maximum value to shareholders.
The Company’s focus will be on core opportunities in the Company’s Tier 1 Jurisdictions of Australia, Northern Europe and the US across two key verticals being commercial high-rise buildings as well as for the protected cropping/greenhouse agriculture sector.
The Company under Mr Jagger’s guidance will prioritise resources to the countries and regions likely to deliver orders and sales as quickly as possible. Specifically, sales prioritisation is factoring in country utility prices, available government incentives, local climate and geography, regulation on high performance glazing, market size, ease of conducting business, local environmental stewardship, adoption of the European Commission (or other similar) plans for ‘net zero’ construction.
The Company, where possible, will continue to progress opportunities in other jurisdictions and across other verticals but will limit resources in these endeavours until such time as a clear path to commercialisation can be established and executed.
The appointment of Mr Jagger as Interim CEO reinforces this focus and is a further step in the Company’s efforts to improve its Senior Management and Board structure to ensure a mix of skill sets and experiences consistent with the unique opportunities and challenges of the Company.
The Company has appointed Mr Jagger as Interim CEO with the Board to review the appointment post the global pandemic and in light of progress made in international markets and business strategy at this time.
Victor Rosenberg, the Company’s founder will continue as Executive Chairman.
Commenting on Mr Jagger’s appointment, Executive Chairman Victor Rosenberg has said:
“The appointment of Mr Jagger is a key step ahead of our next phase as we move into full sales mode. Mr Jagger’s leadership attributes and extensive sales experience and capital markets experience will enhance the ClearVue leadership team and Clearvue’s overall performance. The Board welcomes Mr Jagger to the role and looks forward to working with him to grow the business in the core sales territories.”
Authorised by the Board of ClearVue
For further information, please contact:
ClearVue Technologies Limited
Victor Rosenberg ([email protected]); or
Ken Jagger ([email protected])
ClearVue Technologies Limited
P: +61 8 9482 0500
About ClearVue Technologies Limited
ClearVue Technologies Limited (ASX: CPV) is an Australian technology company that operates in the Building Integrated Photovoltaic (BPIV) sector which involves the integration of solar technology into building surfaces, specifically glass and building façades, to provide renewable energy. ClearVue has developed advanced glass technology that aims to preserve glass transparency to maintain building aesthetics whilst generating electricity.
ClearVue’s electricity generating glazing technology is strategically positioned to compliment and make more compelling, the increased use of energy-efficient windows now being regulated in response to global climate change and energy efficiency goals.
Solar PV cells are incorporated around the edges of an Insulated Glass Unit (IGU) used in windows and the lamination interlayer between the glass in the IGU incorporates ClearVue’s patented proprietary nano and micro particles, as well as its spectrally selective coating on the rear external surface of the IGU.
ClearVue’s window technology has application for use in the building and construction and agricultural industries (amongst others).
ClearVue has worked closely with leading experts from the Electron Science Research Institute, Edith Cowan University (ECU) in Perth, Western Australia to develop the technology.
To learn more please visit: www.clearvuepv.com
Forward Looking Statements
Statements contained in this release, particularly those regarding possible or assumed future performance, revenue, costs, dividends, production levels or rates, prices or potential growth of ClearVue Technologies Limited, are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors.
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