PGT today announced the appointment of Richard Oliver as Chief Financial Officer, a new position at the Company, effective May 24, 2019. Prior to the start of Mr. Oliver’s employment, the Company’s CEO Neil Carmichael has served as Principal Financial Officer and Principal Accounting Officer, which roles will be assumed by Mr. Oliver.

Richard is a finance professional with 33 years’ of financial accounting, auditing and management experience in manufacturing, fabrication and inventory management; fields that are highly complementary to his new role at Pacific Green. He joins Pacific Green from Munro Building Services, a UK-based Mechanical & Electrical installation and maintenance services company, where he served as Head of Finance.

Richard qualified as a Chartered Accountant with Deloitte, where he worked on a wide range of manufacturing audits in the UK, US & Canada. He progressed from financial accountant to financial controller and then to head of finance at successive UK manufacturing companies including Evans Universal (incinerator fabrication, including flue gas treatment); Demaglass (glass manufacturing); and Muntons and G’s Fresh (food manufacturing), prior to joining Munro.

Pacific Green CEO Neil Carmichael commented:

“Having secured a large-scale commercial production partner and a nearly $180M order book for delivery of our state of the art ENVI-MarineTM marine scrubber systems, we are rounding out the final elements of the senior management team required to manage rapid commercial growth and the building of our investment community profile. Richard brings the ideal skill sets and experience to support the achievement of our goals, and we enthusiastically welcome him to the organization.”

Career accomplishments include transforming reporting timeframes for management accounts, implementing just-in-time inventory management and control procedures, as well as treasury and cash management procedures, and supporting M&A transactions. He has also implemented numerous IT and accounting systems, including full ERP systems and served as COO for a service-oriented technology business for four years.

Richard has also been integrally involved in business planning and strategy, including the development and implementation of full board reporting/KPI frameworks. He has also worked to refine business processes, supply chains and logistics, reducing lead times, freeing working capital and significantly reducing costs.

He graduated in Mathematics at King’s College London and is a Fellow of the Institute of Chartered Accountants in England and Wales. He earned his MBA degree at Henley Business School.

Publish date: 27 February, 2019