LISHUI, China,
Feb. 16,
2024 /PRNewswire/ -- CN Energy Group. Inc. (NASDAQ:
CNEY) (the "Company"), a high-tech enterprise specializing in
cogeneration of high-quality wood-activated carbon and clean
energy, today announced the appointment of Steven Berman as its new Chief Executive
Officer, effective immediately. This appointment follows a
comprehensive global search.
We believe Mr. Berman will bring a wealth of experience to the
Company as the Chief Executive Officer, with over 28 years of
leadership expertise in customer service, finance, sales and
innovative technology. Mr. Berman is the founder of Berman
Electronic Enterprises LLC ("BE Enterprises"), a private global
enterprise in the semiconductor industry, and has been operating BE
Enterprises for the past 15 years. BE Enterprises is a full-service
global distributor of electronic components servicing original
equipment manufacturers and contract manufacturers worldwide.
Before his tenure in the semiconductor industry, Berman was an
investment banker at some of North
America's leading investment firms including Citigroup and
Dreyfus, a division of Mellon Investments Corporation.
Mr. Berman will lead CN Energy in its continued development,
manufacturing, and distribution of wood-based activated carbon on a
global scale, with a focus on the US Markets. Mr. Berman aims to
expand the Company's horizon into the semiconductor distribution
industry, fostering a dual business model that combines being a
global distributor of electronic components with manufacturing of
wood-based activated carbon. Although the expansion into
semiconductor distribution anticipates potential acquisitions, no
such targets have been identified to date. This vision includes
both focus on technology and AI powered semiconductor chip
distribution, alongside being a key manufacturer and distributor of
activated carbon for pharmaceutical manufacturing, water
purification, environmental protection and food and beverage
production.
Upon his appointment, Mr. Berman commented, "I am honored and
excited to have been selected to lead CN Energy. With the rapid
expansion of applications for activated carbon as well as the
ever-growing need for semiconductors and creative supply chain for
both commodities, I am focused and dedicated to shareholder
transparency and increased profitability. I look forward to our
bright future as a shareholder focused management team."
About CN Energy Group. Inc.
With patented proprietary bioengineering and physiochemical
technologies, the Company has pioneered and specialized in
producing high-quality recyclable activated carbon and renewable
energy from abandoned forest and agricultural residues, converting
harmful wastes into a valuable product and delivering significant
financial, economic, environmental, and ecological benefits. The
Company's products and services have been widely used by food and
beverage producers, industrial and pharmaceutical manufacturers, as
well as environmental protection enterprises. For more information,
please visit the Company's website
at www.cneny.com(http://www.cneny.com/).
Forward-Looking Statements
Certain statements, other than statements of historical facts,
made in this announcement are forward-looking statements. These
forward-looking statements involve known and unknown risks and
uncertainties, and are based on current expectations and
projections about future events and financial trends that the
Company believes may affect its financial conditions, results of
operations, business strategy and financial needs. Investors can
identify these forward-looking statements by words or phrases such
as "may," "will," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "potential," "continue," "is/are
likely to" or other similar expressions. The Company undertakes no
obligation to update forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to refer to its
filings with the U.S. Securities and Exchange Commission, including
without limitation, the Company's registration statements and other
filings with the U.S. Securities and Exchange Commission that set
forth certain risks and uncertainties that may have an impact on
future results and directions of the Company.
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SOURCE CN Energy Group. Inc.
