x

Posted 19 July, 2023

Astra Energy, Inc. appointed Kermit Harris as new CEO

OTC:ASRE appointed new Chief Executive Officer Kermit Harris in a 8-K filed on 19 July, 2023.


  The board of directors of Astra CA appointed Kermit Harris (currently a director and President of the Company), as Chief Executive Officer and as a director and Ronald Loudoun (currently a director and CEO of the Company) 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 July 16, 2023, Astra Energy Inc.'s (the "Company") subsidiary Astra Energy California Inc. ("Astra CA") accepted the resignation of Douglas Hampton as President and as a director. The board of directors of Astra CA appointed Kermit Harris (currently a director and President of the Company), as Chief Executive Officer and as a director and Ronald Loudoun (currently a director and CEO of the Company) as a director. 


The resignation of Mr. Hampton was not the result of any disagreement with Astra CA on any matter relating to Astra CA's operations, policies or practices. Mr. Hampton has formed his own sales and distribution company to advance the development of projects abroad utilizing the Regreen Technologies Inc. Waste-to-Energy Systems.


There are no family relationships between Mr. Harris and Mr. Loudoun and any of the directors or executive officers of Astra CA, nor does Mr. Harris or 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. Harris or Mr. Loudon were appointed as a member of the board of Astra CA. 


2