Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) today announced that as part of the Company’s leadership succession plan, Michael Psihogios, the Company’s current Chief Investment Officer, has been promoted to President and Chief Executive Officer, and Justin Cochrane, the Company’s current Chief Executive Officer, will shift to the role of Founder and Executive Chair, effective immediately.
“Michael is an exceptional leader and has guided the Company’s investment team over the last couple of years as we grew our project portfolio to 23 projects spanning 12 countries,” said Mr. Cochrane. “I’m excited for Michael to lead Carbon Streaming into its next phase of growth and success and very much look forward to working closely together to create value for all stakeholders as we continue to advance global climate action.”
Michael Psihogios is a highly experienced executive with a proven track record spanning nearly twenty years of leading companies through transformational growth, M&A, restructuring, and corporate finance transactions. Before joining Carbon Streaming in June 2021, Michael was the Chief Financial Officer of DUMAS, a specialized global construction and engineering firm, and also previously worked with an international private equity fund on numerous executive and corporate development secondment roles within portfolio companies as well as in investment banking with National Bank Financial in the M&A group.
“I am honoured and excited for this opportunity to lead Carbon Streaming into the next chapter,” said Michael Psihogios. “Together, we will continue to execute on Carbon Streaming’s strategy of being a long-term partner for high-integrity carbon credit projects that generate positive impacts on the environment, local communities, and biodiversity. Building on our strong foundation, I look forward to further positioning the Company for stakeholder value creation and focus on cash flow generation.”
Mr. Cochrane will work closely with Mr. Psihogios over the next several months to ensure a seamless transition. As Executive Chair, Mr. Cochrane will be responsible for providing leadership to the Board and ensuring ongoing strong governance, while actively supporting management’s execution of Carbon Streaming’s long-term strategic vision focused on charting