Clean Diesel Technologies appointed Matthew Beale, 48, as CEO, effective Oct. 19. Beale has served on the CDTi board of directors since September 2014 and was chairman of the audit committee, the company said.
Chris Harris, who became president and CEO in July 2014, will continue in his position as president and assume the role of COO, the company said.
"A recognized cleantech industry leader, Matthew brings to CDTi a wide range of international experience driving growth and change," said Chairman Charles Engles. "International markets are prime targets in our major business development campaign to commercialize the Company's new advanced catalyst technologies and expand distribution of current products. With Matthew's addition to the leadership team, we look forward to accelerating our penetration of these markets. We are delighted Matthew is taking a key role at this exciting time for CDTi."
"CDTi has made substantial progress in its strategic repositioning as an advanced materials provider for the global emissions control market – the success of which provides a clear foundation for achieving scale and profitability," Beale said. "The market environment has never been more favorable for CDTi's technology and I look forward to working with our team in driving strategic initiatives that enable the company to capitalize on a large and growing market opportunity."
"We continue to make significant progress on the commercialization of our advanced materials strategy," Harris added. "Matthew's corporate, business development and international finance expertise greatly expands the capabilities of our executive team, and we are excited to have him as our new CEO."