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Philomaxcap AG: Changes to the Management Board and Supervisory Board
München (pta030/27.03.2025/16:15 UTC+1)
Philomaxcap AG: Changes to the Management Board and Supervisory Board
Munich, 27. March 2025: Following the successful restructuring and strategic realignment of the company, Achim Pfeffer, Chairman of the Management Board informed the Supervisory Board today that he will resign from office as planned. He hands-over to Josh McMorrow (51), a member of the Supervisory Board since April 19, 2022, who was appointed Chairman of the Management Board.
Achim Pfeffer, CEO since July 1, 2023, managed to restructure the company and to acquire the first operations for the company in two cross-border transactions with a total value of EUR 110 million. "It was a very challenging period, but it is a pleasure to be able to hand-over an established business with high potential for future development in a promising industry. Thanks to all shareholders and the Supervisory Board." Achim Pfeffer comments.
His successor, Josh McMorrow is a U.S. qualified lawyer that started his career at a top law firm in Houston, Texas, USA. He then worked for more than 20 years as an executive in publicly traded international corporations, such as Air Liquide, Weatherford International, Atotech Limited (in Berlin) and most recently at Energy Vault Holdings, Inc. (NYSE: NRGV). Mr. McMorrow led the $5 billion IPO of Atotech in 2021 as well as its strategic sale to MKS Instruments (NYSE: MKSI) which closed in 2022. During Josh McMorrow's extensive international career, he has acquired a deep knowledge of the energy, energy transition and industrial sectors, especially with manufacturers of industrial gases and chemicals. He was recognized as one of the top 100 general counsels in the USA, Switzerland and Germany.
Nyuk Ming Wan, Chairman of the Supervisory Board: "The entire Supervisory Board would like to thank Mr. Pfeffer very much for his commitment to Philomaxcap AG. He achieved great things during his term of office and made a significant contribution to the strategic realignment of the company. At the same time, we are pleased that Mr. McMorrow will lead the company in the future. With the recently acquired GenH2 Corp., we have added a leader in liquid hydrogen technology solutions that can provide Zero-Loss controlled storage systems and hydrogen liquefaction capabilities. Mr. McMorrow brings exactly the experience necessary for our successful expansion into the hydrogen industry."
End of the corporate news
About Philomaxcap AG (www.philomaxcap.de)
Philomaxcap AG, founded in 1999 and based in Munich, is a managing holding company that provides services for existing and yet-to-be-acquired investments. In 2024, the company acquired a minority stake in AmeriMark Group AG, a Swiss holding company. In 2025, the capital increase by contribution will result in the full acquisition of GenH2, a US company specializing in the liquefaction, loss-free transport and storage of hydrogen along the value chain (www.genh2hydrogen.com).
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Emitter: |
Philomaxcap AG Marienplatz 2 80331 München Germany |
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Contact Person: | Josh McMorrow | |
Phone: | +49 89 2155 2804 | |
E-Mail: | info@philomaxcap.de | |
Website: | www.philomaxcap.de | |
ISIN(s): | DE000A1A6WB2 (Share) DE000A254V53 (Share) | |
Stock Exchange(s): | Regulated Market in Frankfurt; Free Market in Dusseldorf, Stuttgart |