Tuesday, December 22, 2015

Australia: Geoff Ward to Leave as CEO of Geodynamics

Geodynamics: Appointment of new Managing Director & CEO

The Board of Australian company Geodynamics has announced that Christopher Murray has been appointed Managing Director & Chief Executive Officer of Geodynamics. Mr Murray will succeed Geoff Ward, will leave Geodynamics on 31 January 2016 following a handover period to the new CEO.

The Geodynamics Board expressed its appreciation to Mr Ward for his contribution to the Company over the past 5 years. Mr Keith Spence, the Chairman of Geodynamics, said "Under Geoff's leadership Geodynamics has successfully completed Habanero-4, its most productive geothermal well, in the Cooper Basin project, as well as commissioning and operating the 1 MWe Habanero Pilot Plant, a world leading example of Enhanced Geothermal System power. After our strategic review identifying the need to diversify away from geothermal, Geoff has successfully transformed Geodynamics into a diversified clean-tech company, with a portfolio of projects in the biogas sector through the acquisition of Quantum Power Limited, while maintaining a strong balance sheet and building a very capable organisation."

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