Carbonxt Group (ASX:CG1) makes new addition to Board of Directors - Kalkine Media

Highlights

• Carbonxt Group has appointed Mr Fadi Diab as a director.
• Mr Fadi is a veteran corporate executive with more than a decade of experience in large financial organisations.
• Mr Fadi holds more than 591K shares in Carbonxt Group.

Cleantech company Carbonxt Group Ltd (ASX: CG1) has welcomed a new member to its team. The US-focused company has appointed a veteran corporate executive, Mr Fadi Diab, as a director.

Fadi has more than a decade of experience in large financial organisations. He has catered his services to multiple large-scale technology transformation programs, which gained national awards as well as industry recognition.

Fadi has also managed big operational teams responsible for billions of dollars of payments. He is an existing shareholder in the company with 591,667 shares.

Educational qualifications of Fadi

• Bachelor of Business in Human Resource Management and Industrial Relations - University of Western Sydney
• Master of Business Management - University of Technology Sydney

Carbonxt Board of Directors

Let us have a glimpse of the leadership team at Carbonxt

1. David Mazyck - PhD, CEO, Director of Technology

He is a global expert on activated carbon and its applications. He is also a member of the World Coal Association and an appointee to the United Nations.

2. Matthew Driscoll – Chairman

He has over three decades of experience in several industries such as financial services, cleantech, fintech, property and resources.

3. Warren Murphy - Managing Director

Warren has guided number of acquisition and financing deals across various sectors including infrastructure, resources, and energy.  

Record annual revenues in FY22

Image source: © Ukrphoto | Megapixl.com

Image description: CG1 develops activated carbon

Carbonxt is driven by its efforts to reduce environmental pollutants. The company is engaged in developing activated carbons to filter air and water. Its activated carbon products are manufactured domestically in the United States. They are designed for different applications, such as air purification and water treatment. Carbonxt is the only company engaged in the production of AC pellets in the United States.

Last month, Carbonxt published its annual report for FY22. Let us shed some light on the major highlights of the financial year.

• Record revenue of AU$18.4 million, reflecting growth of 49% versus FY21. Comparative revenue was positively affected by exchange rate fluctuations comprising AU$515k or 2.9%
• Pellet sales revenue grew 87%
• Annual gross margin was 34% compared to 28% in FY21

Stock information

CG1 has a market capitalisation of AU$20.20 million. Shares of the company last traded on 8 September 2022 at AU$ 0.105.