logo
menu

Enviva trades on NYSE for the first time as corporation

news item image
On 3 January, Enviva Inc. saw its first full trading day as a corporation on the New York Stock Exchange, following its conversion from Enviva Partners, a master limited partnership.

As part of the conversion, Enviva also announced the appointment of three new members to its board and changes that will further strengthen its executive leadership team.

Enviva welcomed Eva Zlotnicka, Martin Davidson, Ph.D, and Fauzul Lakhani to its board of directors, joining fellow directors Ralph Alexander, John Bumgarner Jr, Jim Derryberry, Gerrit Lansing Jr, Pierre Lapeyre Jr, David Leuschen, Jeffrey Ubben, Gary Whitlock, and Janet Wong, each of whom had also served on the board of the general partner of Enviva Partners, before the conversion.

“Today [3 January] represents an important milestone for Enviva as we complete the evolution of our same great business into an even better corporate structure,” said John Keppler, chairman and CEO.

“This conversion creates an opportunity for investors worldwide to participate in the significant accretion we see ahead of us, whether by directly investing in Enviva Inc. or investing precisely through one of the many indices for which we are now eligible.

“We believe the potential growth ahead of our renewable product is exponential, as we continue to facilitate the energy transition and help difficult-to-decarbonise industries become less greenhouse gas-intensive and more sustainable.

“We have built a company that delivers real climate change benefits, today, at scale. With our new corporate structure, we have taken another meaningful stride forward in being a leader in every critical ESG metric.”

Further changes to Enviva’s executive leadership team include the appointment of Roxanne Klein as chief human resources officer, and the promotion of Thomas Meth, a co-founder of Enviva and leader of the company’s global marketing and sales strategy for the past 17 years, to the role of chief commercial officer.

“As part of our conversion from a partnership to a corporation, I believe we have evolved our proven, successful business into an even better corporate structure,” commented Keppler.

“Given the long-term contracted nature of our business and the tremendous opportunities we see ahead as the world continues to focus on the energy transition and decarbonisation of hard-to-abate sectors in order to reach net-zero and limit the effects of climate change, our success will be driven by the people who choose to work with and for Enviva today, tomorrow and every day moving forward.”