founder Meth as CEO; shares rise

Enviva

14/11/2022 21:43

** Shares of bioenergy firm Enviva Inc  EVA.N  up ~1% at
$60.14 in after hours trading
    ** Co appoints Thomas Meth as chief executive officer,
replacing John Keppler, who will be stepping down from his
responsibilities to pursue medical and surgical treatment
    ** Meth is a co-founder of EVA and prior to his appointment
as CEO, he held the position of president
    ** Co also says Keppler will assume the role of executive
chairman and will actively return to the role in early 2023
    ** "After careful consideration, I have decided with my
medical team and family to step back and focus on my heart
condition," said John Keppler
    ** EVA also says Ralph Alexander will fulfill the duties as
chairman of the board until Keppler returns
    ** Up to Monday's close, stock had fallen 15.3% 
 (Reporting by Granth Vanaik)
 ((Granth.Vanaik@thomsonreuters.com;))