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Zefiro Methane Corp. Appoints Mohit Gupta as Chief Financial Officer
Zefiro Methane Corp
With over thirty years of experience in banking and energy trading, Gupta was a key founding member of JP Morgan’s energy trading business and has held a number of senior leadership roles at Ernst & Young and Wells Fargo.
FORT LAUDERDALE, Fla., July 2, 2024 (GLOBE NEWSWIRE) — ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (the “Company”, “Zefiro” or “ZEFI”) Zefiro Corp. today announced the appointment of Mohit Gupta as Chief Financial Officer. In this role, Mr. Gupta will help ensure that Zefiro is best positioned to continue accelerating the growth of the Company’s innovative methane reduction projects and carbon credit portfolios.
Mr. Gupta has over three decades of experience in the energy banking and trading industry, most notably as a key founding member of J.P. Morgan’s energy trading business. Mr. Gupta has also held senior executive positions at Ernst & Young and Wells Fargo.
Pictured above, Mohit Gupta has been named Chief Financial Officer of Zefiro Methane Corp.
Pictured above, Mohit Gupta has been named Chief Financial Officer of Zefiro Methane Corp.
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Zefiro Founder and CEO Talal Debs commented: “From helping build an energy markets division at one of the world’s most venerable financial institutions to deftly navigating multiple periods of unprecedented market turmoil, Mohit Gupta’s track record of success is unmatched in our industry. His unique market expertise and decades of executive experience will be vital in helping establish Zefiro at the forefront of the environmental services industry, and we couldn’t be more excited to welcome him to the team.”
Mohit Gupta commented: “While countless impressive new ventures have come and gone over my thirty years in energy trading, having the chance to help reinforce Zefiro’s comprehensive service model was a unique opportunity that I could not pass up. This forward-thinking senior leadership team has identified and capitalized on a critical industry demand while addressing one of the most pressing global challenges, and I look forward to working with my new colleagues to expand Zefiro’s service offerings to a growing and diverse client base.”
In addition to helping build J.P. Morgan’s Energy Trading business, Mr. Gupta helped build the firm’s venture capital division (Lab Morgan), assisted in the repositioning of the investment bank following the dot-com crash of the early 2000s, and served as Head of the Payments Business North America and Chief Financial and Chief Operating Officer of the Global Payments Business. Following his nearly 25-year tenure at J.P. Morgan, Mr. Gupta served as a Managing Director of Ernst & Young’s Financial Services Advisory, helping to lead the development of the practice’s treasury, cash management and payments operations. Most recently, Mr. Gupta served as Chief Financial Officer of Global Operations at Wells Fargo, where he helped transform and optimize the bank’s operations through strategic applications of technology and digital transformation. Mr. Gupta also serves as Chief Operating Officer of X Machina Capital Strategies, which is a lead sponsor of Zefiro Methane Corp.
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About Zefiro Methane Corp.
Zefiro is an environmental services company specializing in methane abatement. Zefiro strives to be a key business force toward Active Sustainability. Leveraging decades of operational experience, Zefiro is building a new toolkit to clean up air, land, and water sources directly impacted by methane leaks. The company has built a fully integrated land-based operation powered by an innovative monetization solution for the emerging methane abatement market. As a U.S.-based originator of high-quality methane offsets, Zefiro aims to generate long-term economic, environmental, and social returns.
On behalf of the Company’s Board of Directors,
ZEFIRO METHANE CORP.
“Talal Debs”
Talal Debs, Founder and CEO
For more information, please contact:
Zefiro Investor Relations
1 (800) 274-ZEFI (274-9334)
investor@zefiromethane.com
For media inquiries, please contact:
Rich Myers – Profile Consultants (New York)
media@zefiromethane.com
+1 (347) 774-1125
Forward-looking statements
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as “seeks”, “believes”, “plans”, “expects”, “intends”, “estimates”, “anticipates” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. In particular, this press release contains forward-looking information, including statements regarding: the Company’s intention to reduce emissions from end-of-life oil and gas wells and eliminate methane gas; the Company’s partnerships with industry operators, state agencies and federal governments; the Company’s expectations for continued increases in revenues and EBITDA growth as a result of these partnerships; the Company’s intentions to build its presence in the United States; anticipated federal funding for orphan well plugging, remediation and restoration activities; the Company’s expectations to become a growing environmental services company; the Company’s ability to provide institutional and retail investors with the opportunity to join the Active Sustainability movement; the Company’s ability to generate long-term economic, environmental and social returns; and other statements about the Company’s business and the industry in which the Company operates. Forward-looking information reflects management’s current expectations based on currently available information and is subject to a number of risks and uncertainties that could cause results to differ materially from those discussed in the forward-looking information. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to: (i) adverse general economic and market conditions; (ii) price and volume changes and volatility in the carbon market; (iii) changes in the regulatory landscape and global policies applicable to the Company’s business; (iv) failure to obtain all necessary regulatory approvals; and (v) other risk factors set forth in its Prospectus dated April 8, 2024 under the heading “Risk Factors”. The Company operates in a rapidly evolving environment where technologies are in the early stages of adoption. New risk factors emerge from time to time, and it is impossible for the Company’s management to predict all risk factors, nor can the Company assess the impact of all factors on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. The forward-looking information in this press release is based on management’s opinions and assumptions considered reasonable as of the date hereof, including, but not limited to, the assumption that general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this press release are reasonable, undue reliance should not be placed on such information. The forward-looking information included in this press release is made as of the date of this press release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.
Statement on Third-Party Investor Relations Firms
Disclosures related to investor relations firms engaged by Zefiro Methane Corp. can be found on the company’s profile on SEDAR+ at www.sedarplus.ca/.
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