Advanced Emissions Solutions Inc. has announced that W. Phillip Marcum will retire from the Board of Directors, effective immediately. The company has appointed L. Spencer Wells to fill his former position as Chairman of the Board.
"On behalf of the Board and the entire organisation, I would like to thank Phil for his many years of dedicated service to ADES and its stockholders. As Chairman of the Board, Phil played a vital role in navigating our many hurdles and laying the foundation for the future. I have personally enjoyed working with him and wish him the best in his retirement," commented L. Heath Sampson, Director, President and Chief Executive Officer of ADES. "Additionally, we are pleased to announce the appointment of Spencer Wells as Chairman of the Board. Spencer brings extensive knowledge in the capital markets and significant experience within the Energy, Chemicals and Building Products sectors. We look forward to his enhanced contribution to the Board and the Company moving forward."
Phil Marcum added: "The Company's strategic direction is starting to come together under the strong leadership of Heath Sampson and his team. I believe that Spencer and Heath will work very well together as they complete the remaining steps in the Company's transformation."
Edited from press release by Angharad Lock
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