By Christian Moess Laursen
Molecular Energies has appointed Christopher Raggett as chief executive of Green House Capital Group, ahead of the subsidiary’s spin-off later this year, it said Monday.
The international energy company said Raggett, who is joining with immediate effect, has more than 15 years of experience in energy and corporate finance. Most recently, he sat on the group executive committee of finnCap Group, where he also was co-head of corporate finance.
“The capital markets experience and passion for business that Chris has will be invaluable as Green House Capital builds upon the momentum already established,” Chairman Peter Levine said.
Molecular Energies plans to spin out and list its 75%-owned alternative-energies division on the AIM stock exchange in an initial public offering in the final quarter of the year.
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