SusGlobal Energy Corp. (OTCQB:SNRG), an environmental, agricultural, and industrial biotechnology company, today announced the appointment of Former Senior VP Veolia North America Bruce Rintoul to the Company’s Board of Directors. Rintoul led the transformation of U.S. and Canadian energy generation, water/wastewater management, hazardous waste, and environmental service businesses through structural changes, business process improvements, and data management system implementations and serve on the Board’s Corporate Governance and Nominating Committee and the Compensation Committee.
SNRG stock closed higher by 19.1% to 0.25 on the hefty volume of 536K shares, 3X its average volume of 162K shares. The stock has soared almost 67% so far this year.
The company was in the news yesterday after it announced the appointment of a new member to its board of directors in the form of Bruce Rintoul.
In addition to that, he will also be a member of the board’s Compensation Committee and the Corporate Governance and Nominating Committee. In this situation, it is also important for investors to take a look at Rintoul’s credentials as a professional in order to make their minds up about the appointment.
In the past, he had served at Veolia North America as its Senior Vice President of Operations. Prior to that, he had been a key executive in the environmental and industrial operations at Philip Services Corporation.
He had been employed with Veolia for more than six years and had worked in Houston and Toronto. It was in March last year that he left the company after having served it for more than six years. During his stint at Veolia, he had worked across a range of segments. He was responsible for the transformation of the Canadian and United States wastewater management, energy generation, environmental business and hazardous waste operations.
The sort of changes that he had managed to bring in had allowed Veolia to disinvest from its businesses based out of North America. It is going to be interesting to see how he influences SusGlobal Energy Corp’s operations.