Posted 03 February, 2023
ST Energy Transition I Ltd. appointed Mr. Eliassen as new CEO
NYSE:STET appointed new Chief Executive Officer Mr. Eliassen in a 8-K filed on 03 February, 2023.
To fill the vacancy created by Mr. Eliassen's resignation, on February 3, 2023, the Board appointed Jan Erik Klepsland as Chief Executive Officer, effective February 3, 2023.
Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of ST Energy Transition I Ltd.
Business/Consumer Services • Shell companies
ST Energy Transition I Ltd. is a blank check company, which was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on April 9, 2021 and is headquartered in Hamilton, Bermuda.Market Cap
$311M
View Company Details
$311M
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 2, 2023, Gunnar Eliassen notified the Board of Directors (the "Board") of ST Energy Transition I Ltd. (the "Company"), that he was tendering his resignation as a Chief Executive Officer of the Company. His decision to resign was not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices (financial or otherwise). Mr. Eliassen's resignation became effective on February 2, 2023. To fill the vacancy created by Mr. Eliassen's resignation, on February 3, 2023, the Board appointed Jan Erik Klepsland as Chief Executive Officer, effective February 3, 2023. Mr. Klepsland will also continue to serve as the Chief Financial Officer of the Company. Additional information regarding, among other things, Mr. Klepsland's background and compensatory arrangements is contained in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 31, 2022 and is incorporated herein by reference.
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