Quadrise Plc (LSE:QED) has confirmed that veteran board member Laurie Mutch has stepped down with immediate effect, bringing to a close a 20-year period of service marked by consistent oversight and institutional experience. Alongside his departure, Mutch has relinquished his positions as audit committee chair and as a member of both the remuneration and nomination committees. These responsibilities will now be taken on by fellow director Michael Covington.
The company noted that Mutch will remain involved in the near term to ensure a smooth transition and effective handover of duties, helping maintain governance stability as Quadrise moves closer to commercialising its low-emission fuel technologies. Chairman Andy Morrison acknowledged Mutch’s long-standing contribution, highlighting his role in shaping the group’s governance framework and supporting its strategic development as it targets growth in the decarbonisation of shipping and heavy industry.
From an investment perspective, Quadrise’s outlook continues to be weighed down by limited revenue generation, ongoing losses, and sustained cash outflows, although its relatively low debt position provides some balance sheet support. Market indicators are more encouraging, with positive momentum trends evident, but valuation remains difficult to assess due to negative earnings and the absence of dividend income. Recent earnings updates offer some reassurance through defined project milestones and expected near-term receipts, though execution risks remain.
More about Quadrise Fuels International
Quadrise Plc is an AIM-listed energy technology company focused on reducing emissions in shipping and heavy industry. The group develops and aims to commercialise cleaner fuel alternatives, including biofuels, and is transitioning from a research-led organisation toward broader commercial deployment of its solutions in global transport and industrial markets.
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