Aberdeen International (AAB) has appointed clean technology industry veteran, Martin Schuermann, as Executive Chairman.
Schuermann has been involved in the clean energy sector since 2009, serving as CEO of Vision Motor Corp. and Vision Industries, an early innovator in fuel cell vehicles focused on hydrogen-dominant zero-emission transportation solutions.
Schuermann has also worked as a serial entrepreneur in the media and film industries.
The company expects his strategy and governance expertise in the areas of clean transportation and electrification to bolster its deal sourcing and execution capabilities.
Stan Bharti, Director at Aberdeen, commented,
"Martin brings a wealth of energy and transportation sector experience that will accelerate our ambition to be the partner-of-choice for early-stage clean technology companies. Martin’s strategic vision, expertise and industry contacts will help us identify and execute on world-class opportunities."
"I’m excited to work with Chris and the team to build a compelling roster of low and no-carbon investments that truly drive transformation across the energy, transportation and industrial sectors. My aim is to help Aberdeen substantially grow its asset base and attract high-quality capital and talent to generate significant value for Aberdeen shareholders," Schuermann added.
Aberdeen International is a global investment company and merchant bank focused on small-cap companies in the rare metals and renewable energy sectors.
Aberdeen International (AAB) is down by 4.55 per cent and is currently trading at $0.21 per share as of 2:48 pm ET.