x

Posted 05 July, 2023

Astra Energy, Inc. appointed Albert Mardikian as new CEO

OTC:ASRE appointed new Chief Executive Officer Albert Mardikian in a 8-K filed on 05 July, 2023.


  The board of directors of Regreen appointed Albert Mardikian, a current director of Regreen, as Chief Executive Officer and Chairman of the Board and Ronald W. Loudoun as a director.  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of Astra Energy, Inc.
Agriculture • Farming
Astra Energy, Inc. is a technology acquisition company, which engages in the development of clean energy projects. Its project includes Zanzibar Clean and Renewable Energy Park, 350 MW Combined Cycle Power Plant, and Hesperia. The company was founded by Kermit A. Harris and Douglas Charles MacLellan on June 12, 2000 and is headquartered in San Diego, CA.
Market Cap
$11.0M
View Company Details
Astra Energy, Inc. by TradingView
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 June 12, 2023, Astra Energy Inc.'s (the "Company") subsidiary Regreen Technologies Inc. ("Regreen") accepted the resignations of Douglas Hampton as President and as a director and of Paul McClure as a director. The board of directors of Regreen appointed Albert Mardikian, a current director of Regreen, as Chief Executive Officer and Chairman of the Board and Ronald W. Loudoun as a director.


On July 3, 2023, the board of directors of the Company, appointed Ronald W. Loudoun as a director of the Company. In addition to his board appointment, Mr. Loudoun was also appointed as Chief Executive Officer and Chairman of the Board.


There are no family relationships between Mr. Loudoun and any of the directors or executive officers of the Company or Regreen, nor does Mr. Loudoun have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Other than as described above, there were no arrangements or understandings by which Mr. Loudoun was appointed as a member of the board of the Company, Regreen.


The resignations of Messrs. Hampton and McClure from Regreen were not the result of any disagreement with Regreen on any matter relating to Regreen's operations, policies or practices.


Ronald W. Loudoun - (Age 60)

- Director, CEO and Chairman of Astra Energy Inc.

- Director of Regreen Technologies Inc.


Ron Loudoun has extensive business development experience in the renewable energy market, and has maintained a longstanding interest in both communicating the need for, and sourcing new methods for conscious minded development and growth. He is a successful business strategist with more than 30 years' experience as an entrepreneur and real estate developer. He possesses an excellent background in new business development, multi-site operations, performance quality and improvement, and product branding and creation. Distinguished as a meticulous, methodical, hands-on-leader, Mr. Loudoun has been the catalyst for advancement in many business ventures.


2