Electrical, broadband and EV charging infrastructure company, Charge Enterprises Inc (NASDAQ:CRGE) (CRGE) Tuesday announced that they have named current Chief Operating and Compliance Officer, Craig Denson as Interim Chief Executive Officer, effective August 31, 2023.
The appointment follows the decision by Andrew Fox, in accordance with the board of directors, to resign from his role as CEO and Chairman of the Board.
“On behalf of the entire Board, we extend our gratitude to Mr. Fox for his pivotal role in setting the groundwork that forms the foundation of our Company,” said Audit Committee Chair, Amy Hanson.
In conjunction with the leadership change, Hanson will assume the responsibilities of Chairperson. Mr. Fox will continue to serve as a director on the Board and will also serve as a strategic advisor.
“Leading Charge Enterprises has been a privilege, and I am proud of everything we have built,” said Fox.
“The Company’s forward momentum is paramount to me, and I believe Craig, given his operational and public company management experience, is exactly the type of executive to lead Charge during this interim period,” he added.
Denson has built a remarkable career spanning 35 years, mainly in the technology and telecommunications fields. He has taken on various leadership positions in numerous international companies, including roles such as Chief Operating Officer and board member at Charge. Throughout his time at Charge, he has also held responsibilities like Chief Compliance Officer, Interim Chief Financial Officer, and Secretary.
“I am honored by the Board’s trust in me during this critical time for Charge,” said Denson. “We believe there are significant opportunities for Charge within the energy and broadband infrastructure industries.”
Shares of CRGE are up 6.50% near end of day trading Tuesday.