REG - Quadrise PLC - CEO Appointment

QuadriseAnnouncement

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RNS Number : 2247Z  Quadrise PLC  15 September 2025

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15 September 2025

 

 

Quadrise plc

("Quadrise", "QED" or the "Company")

 

CEO Appointment

 

Experienced leader in the shipping industry, Peter Borup, joins as CEO to
drive commercialisation in next stage of growth

 

Quadrise plc (AIM: QED), the technology company focused on the decarbonisation
of shipping and heavy industry through deployment of low emission fuels and
biofuels, is pleased to announce the appointment of Peter Borup as Chief
Executive Officer effective 1 October 2025.

 

Peter is an accomplished international CEO with over 30 years' experience in
the shipping industry. He began his career at A.P. Moller-Maersk, rising to
Deputy Director level, before moving into senior leadership roles at several
major cargo shipping operators. These included serving as Senior Vice
President and Managing Director at D/S Norden in Asia, followed by President
and CEO positions at Lauritzen Bulkers and NORVIC Shipping International
respectively.

 

During his career, Peter has worked in key global shipping hubs (Copenhagen,
Seoul, Beijing, Singapore and Dubai) leading strategy, investment and shipping
operations.

 

Beyond his leadership roles in shipping, Peter has contributed to maritime
technology and innovation, serving on the investment committees of Rainmaking,
Motion Ventures and The Shipping Collective as well as serving on the board of
AI start-up, Shipster.ai.

 

Peter has degrees from IMD Business School (MBA), Wharton Business School
(Advanced Management Program), Copenhagen Business School (Advanced Board
Program) and most recently he was a Fulbright Scholar at Georgetown University
(Asia Studies).

 

Andy Morrison, Chair of Quadrise, commented:

"We are delighted to have appointed Peter to become CEO of Quadrise. His
extensive expertise and relationships in the shipping industry will
undoubtedly help us at this pivotal time for the Company as we move our
technology towards commercialisation. The knowledge and work he also has in
the decarbonisation space will also further enable us to progress our
technology offering and strategy."

"We look forward to welcoming him to the Board in October and working with him
to drive Quadrise forward."

Peter Borup, incoming CEO of Quadrise said:

"I am excited to be joining the Quadrise team. The Company's technology is
becoming increasingly important as the shipping industry looks to decarbonise
and move towards a greener and more sustainable future. A range of transition
technologies are available that, individually or in combination, can deliver
meaningful reductions in emissions-those offered by Quadrise also provide
substantial cost savings. I look forward to working with the team to drive the
strategy forward as well as help identify further opportunities to grow the
business and its offering, unlocking value for shareholders and partners."

 

For further information please contact:

 

 Quadrise Plc                                            +44 (0)20 7031 7321
 Andy Morrison, Chairman

 Jason Miles, Chief Technology Officer

 Nominated Adviser

 Cavendish Capital Markets Limited                       +44 (0)20 7220 0500
 Ben Jeynes
 Katy Birkin

 George Lawson

 Joint Brokers

 Shore Capital Stockbrokers Limited                      +44 (0)20 7408 4090
 Toby Gibbs, Harry Davies-Ball (Corporate Advisory)
 Fiona Conroy (Corporate Broking)

 VSA Capital Limited                                     +44 (0)20 3005 5000

 Andrew Raca (Corporate Finance)

 Andrew Monk (Corporate Broking)

 Public & Investor Relations

 Tavistock Communications (Financial PR & IR)            +44 (0) 20 7920 3150

 Simon Hudson

 Nick Elwes

 Ruairi Millar

  BLUE Communications Limited (Marine & Trade PR)

  Rhys Thomas                                            +44 (0)7595 227750

  Sam Deacon                                             +44 (0)7527 558846

 

Further information on Peter Borup

 

The directorships and partnerships currently held by Peter Borup, aged 57, and
over the five years preceding the date of his appointment are as follows:

 

 Current directorships       Previous directorships held in the past five years
 Copenhagen Business School  The Shipping Collective ApS

 

 

About Quadrise

Quadrise is the supplier of MSAR® and bioMSAR™ emulsion technology, fuels
and biofuels, providing innovative solutions to lower energy costs, pollution
and greenhouse gas emissions today for the global power generation, shipping,
industrial and oil industries.

Learn more at: www.quadrise.com
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