Clean Energy Fuels Corp (Nasdaq: CLNE) has announced the appointment of Patrick J. Ford to its Board of Directors, marking a significant addition to the company’s leadership team. With Ford’s extensive background in finance and accounting, particularly within the energy sector, his appointment signals a strategic move for Clean Energy as it navigates the renewable fuels market.
A Seasoned Audit Executive Joins the Clean Energy Board
Patrick Ford, 62, brings a wealth of experience to Clean Energy, having served as an Audit Partner at KPMG LLP until his retirement in 2022. During his illustrious career at KPMG, Ford worked with numerous SEC registrants, providing financial oversight and strategic guidance to companies operating in the energy, automotive, and technology sectors.
Positive Market Response to Clean Energy Board Appointment
News of Ford’s appointment to the Board has already made waves in the market, with Clean Energy Fuels’ stock experiencing a surge following the announcement. After closing at $2.63, the stock is currently trading at $2.68, reflecting a notable increase of 1.90%.
Paving the Way for Renewable Fuels
In his new role, Ford will not only serve on the Board of Directors but will also contribute his expertise as a member of Clean Energy’s audit committee. His appointment underscores the company’s commitment to advancing renewable natural gas (RNG) as a sustainable alternative fuel for commercial transportation.
An Optimistic Outlook
Expressing his enthusiasm for joining Clean Energy, Ford emphasized his dedication to advocating for RNG as a viable solution to decarbonizing transportation. His extensive experience in finance and accounting, coupled with his tenure in the energy industry, positions him as a valuable asset in guiding Clean Energy’s strategic initiatives.
About Clean Energy Fuels Corp.
Clean Energy Fuels Corp. stands as the nation’s largest provider of clean fuel solutions for the transportation market. With a mission to decarbonize transportation, Clean Energy specializes in the development and delivery of renewable natural gas (RNG), derived from capturing methane emitted from organic waste. The company’s expansive network of fueling stations across the U.S. and Canada, coupled with RNG production facilities at dairy farms, enables thousands of vehicles to reduce their greenhouse gas emissions, contributing to a cleaner and more sustainable future.
