RCS - Cindrigo Hldgs Ltd - Mr Alan Boyd appointed to the Board

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28/06/2024 11:15

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RNS Number : 3549U  Cindrigo Holdings Limited  28 June 2024

 

28 June 2024

Cindrigo Holdings Limited

('Cindrigo' or the 'Company')

 

Mr Alan Boyd appointed as Non-Executive Director to the Board

 

Cindrigo Holdings Limited, a clean baseload energy developer, is pleased to
announce the appointment of Mr Alan Boyd as Non-Executive Director of the
Company with immediate effect.

 

Mr Boyd is a technology and intellectual property specialist with a long
history of success in international expansion and development in Europe,
America, Australia and Asia in startup, high-growth and publicly listed
companies.

 

After some early years pioneering in computer and systems development Mr Boyd
was recruited as the 32nd employee to Microsoft, as its first manager for
Product Development, reporting directly to Bill Gates. Mr Boyd managed the
development of, and bringing the products to market, many of the world's
leading software products that today still are household names, including
Microsoft Office, MS-DOS, Word, Excel, Works, Windows, etc. Mr Boyd was
also responsible for Microsoft's Acquisitions Group which included formulating
and implementing of its highly successful licensing and acquisitions strategy,
and he is seen by many as being instrumental in shaping the global tech sector
and the fledgling tech investment sector in the early 1980s.

 

After its IPO, Mr Boyd left Microsoft in 1986 and went on to invest in
infrastructure and technology companies globally, whilst also being advisor to
governments including USA and China on technology and intellectual property
strategy and development. During the '80s Boyd was acknowledged by the Reagan
administration as one of the world's leading experts on Intellectual
Properties and was employed by the US Treasury Department as an expert
witness in a number of high-profile IP cases.

 

Mr Boyd also co-founded St Banks International Group, a Shanghai-based
boutique investor, and Smart City Software the technologies needed for China's
smart city development program.

 

For more than 35 years Mr Boyd has served as a non-executive director of a
number of public and private companies in the UK, USA, Europe, Australia and
China in the CleanTech, IT, Software, Media, Artificial Intelligence,
Telecoms, Consumer Electronics, Education and Financial Services sectors.

 

Jörgen Andersson Chairman of the Board comments: "We are extremely pleased to
welcome Alan Boyd to Cindrigo's board as Non-Executive Director. He brings an
unparalleled wealth of experience that will be invaluable as we look to
develop the Company into a significant energy producer and work towards a new
stock market listing that suitably reflects Cindrigo's enhanced business
offering and growth strategy".

 

**ENDS**

 

For more information please contact:

 Cindrigo Holdings Limited                                         +44 (0) 7408 861 667

 Lars Guldstrand CEO

 Hannam & Partners (Financial Advisor & Corporate Broker)          +44 (0) 20 7907 8500

 Samuel Merlin, Sean Urquhart

 St Brides Partners Ltd (PR)                                       +44 (0) 20 7236 1177

 Paul Dulieu, Charlotte Page

 

Notes

Cindrigo Holdings Limited is an active clean baseload energy developer focused
on developing sustainable energy solutions across Europe. This includes a 110
MW ready built Biomass combined heat and power plant in Kaipola, Finland,
planned for operational start in Q4 2024. Upon reaching full operational
capacity, the plant is estimated to generate revenues of approximately €40
million annually, with an estimated EBITDA of around €10 million.

 

The Company is also finalising the acquisition of a majority interest in three
geothermal energy projects in the Upper Rhine Valley of Germany, which have an
initial target of c.80 MW, and a combined target installed potential capacity
exceeding 300 MW, encompassing both geothermal power and heat generation.

 

 

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