The GF Board of Directors nominated Mads Joergensen as new Chief Financial Officer (CFO) and member of the Executive Committee of GF, effective 18 April 2019. He will succeed Andreas Müller who has been appointed as new CEO of the Corporation.
Mads Joergensen (50), dual citizen of Switzerland and Denmark, holds a Master degree in Economics & Business Administration from the Copenhagen Business School (Denmark). He has a broad experience in Finance & Controlling, Strategy Development, M&A and IT. After several management positions at companies in the Consulting, Logistics and IT sector, Mads Joergensen started his career at GF in 2003 as Head of Strategic Planning at GF Piping Systems. Since 2009, he has served as CFO of GF Piping Systems, the largest division of GF.
Source: Georg Fischer
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?