VANCOUVER, BC, June 30, 2022 /CNW/ - Greenlane Renewables
Inc. ("Greenlane") (TSX: GRN) (FSE: 52G) is pleased to
announce that it has hired Monty R.
Balderston to be Chief Financial Officer, effective
July 18, 2022.
Mr. Balderston joins Greenlane with over 25 years of experience
in progressively senior financial leadership positions, including
the role of Chief Financial Officer, in both public and private
companies spanning mechanical equipment provisioning and
installation, civil construction, industrial supply, maintenance
services, and diversified energy services. He is a Chartered
Professional Accountant and holds a Bachelor of Commerce degree
from the University of Alberta. Mr.
Balderston began his career at PricewaterhouseCoopers LLP and for
the last five years was the Chief Financial Officer with Mosaic
Capital Corporation where he oversaw all financial reporting
processes and strategic planning, including budgeting, forecasting
and acquisitions.
"We are excited to have Monty join the Greenlane team, as he
brings an extensive background in corporate finance and senior
executive leadership," said Brad
Douville, President and Chief Executive Officer. "His
background in senior finance and accounting roles, including
capital markets experience with equity and debt financings, as well
as mergers and acquisitions, will add significant value not only to
our team but to our shareholders as well."
Lynda Freeman, the Company's
current Chief Financial Officer, who is resigning from the post to
spend more time with her young family, will remain in her position
until Mr. Balderston's appointment. Following his appointment, Ms.
Freeman will continue with Greenlane on a part-time basis in an
alternate role, ensuring a seamless transition. "I would also like
to thank Ms. Freeman for her dedication and professionalism and we
wish her all the best as she shifts her focus to family," said Mr.
Douville.
About Greenlane
Renewables
Greenlane Renewables is a pioneer in the rapidly growing
renewable natural gas ("RNG") industry. As a leading global
provider of biogas upgrading systems, we are helping to clean up
two of the largest and most difficult-to-decarbonize sectors of the
global energy system: the natural gas grid and the commercial
transportation sector. Our systems produce clean, low-carbon and
carbon-negative RNG from organic waste sources such as landfills,
wastewater treatment plants, dairy farms, and food waste streams.
To the company's knowledge, Greenlane is the only biogas
upgrading company offering the three main technologies: waterwash,
pressure swing adsorption, and membrane separation. Greenlane's
business has been built on over 30 years of industry experience,
patented and proprietary technology, over 100 hydrogen sulfide
treatment systems sold, and over 135 biogas upgrading systems sold
into 19 countries, including some of the largest RNG production
facilities in the world. For further information, please visit
www.greenlanerenewables.com.
SOURCE Greenlane Renewables Inc.
