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FormerXBC Inc XEBEQ

Industrials
Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.


GREY:XEBEQ - Post by User

FormerXBC Inc > Xebec Announces Organizational Changes
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Comment by Ridgebackon Feb 12, 2021 11:03am
256 Views
Post# 32552109

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Xebec Announces Organizational Changes

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Xebec Announces Organizational ChangesEvent Xebec announced changes to the management team.
Impact: SLIGHTLY NEGATIVE

Details: Xebec announced that Dr. Prabhu Rao is stepping down as COO, effective immediately and that Marinus Van Driel has been appointed as the new President for the Global Hydrogen Group, in addition to his role as President for Xebec Europe. Xebec will replace Dr. Rao with a new COO in due course. TD View: The press release characterizes this change as planned, but the immediacy of Dr. Rao's departure may be concerning to investors. As a result, we have characterized this announcement as slightly negative. That said, the company's size and complexity have changed significantly over the past year and likely requires new and different skill sets from its executive team. Given Xebec's strong growth outlook supported by broader energy transition initiatives, we believe that the company can attract a high-quality candidate to fill the COO role.
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