Carnegie Clean Energy Limited ("Carnegie" or the "Company") wishes to advise of changes
to its Board of Directors effective today.
• Mr. Terry Stinson, Non-Executive Chairman has retired as Chairman and Director.
• Mr. Anthony Shields, currently a Non-Executive Director, will assume the role of NonExecutive Chairman.
Mr. Stinson has served as Chairman of Carnegie since 2017 and has provided invaluable leadership
and guidance during his tenure. The Board expresses its sincere appreciation for his dedication and
significant contributions to the Company's progress.
Incoming Chairman Anthony Shields commented:
“I’d like to thank Terry personally, from the Board and the Carnegie team for his years of service as
Chair. The Company has made significant progress under his leadership to be one of the world’s leading
ocean energy companies, with commercially viable technology to be deployed in funded projects
demonstrating the Company’s CETO and MoorPower technologies.
I’m excited to accept the role as Chair and help deliver on the technical and commercial strategies in
place as well as develop new opportunities and partnerships in the rapidly growing market for ocean
energy. 2025 will be an exciting year for the Company with our work on CETO in Bilbao, Spain, and
MoorPower in Tasmania, as well as other potential project sites and funding programs around the
world.”
Outgoing Chairman Terry Stinson commented:
“After many rewarding years, I am retiring and stepping down as Chair of Carnegie Clean Energy. This
is the right time for a new Chair to take the reins and guide the Company through the next
phase. Anthony Shields is the right choice for Chair, and I fully support his appointment. Anthony is
across the business, and I have every confidence that he will quickly and effectively fill the role and
provide good governance, guidance and leadership to the Board, CEO, and management. Supporting
Anthony and continuing on the Board are dedicated and experienced directors, Mike Fitzpatrick, and
Grant Mooney. It has been my honour and pleasure to work with the Directors and CEO Jonathan
Fievez. Through Jonathan’s leadership, and with the support of the board, the Company has continued
to deliver on critical milestones and expectations and has developed a strong and effective leadership
and technical team. My thanks to shareholders for their support over the years. Thanks also to the all
the Carnegie team for their support and contribution, it has been my great pleasure to work with you
all! I am proud to have been a part of all that Carnegie has achieved over the past years and leave the
business in good and capable hands.”
This announcement has been authorised by the Company Secretary and CEO.
