Encore Energy Corp. (NASDAQ: EU) has announced the appointment of Mr. Robert Willette as its Chief Executive Officer. Mr. Willette, who previously served as the acting CEO, has been formally appointed as CEO. His extensive experience includes 20+ years managing corporate legal functions across various sectors, including oil & gas and renewables.
In addition to his appointment, Mr. Willette was awarded one-time inducement equity-based grants under the 2023 long-term incentive plan. These grants include 125,000 RSUs and 125,000 stock options that will vest ratably over four years, as well as 500,000 RSUs that will vest in full on the fifth anniversary of the grant date, subject to specific terms and conditions.
Other officers were also awarded equity-based grants under the same plan, including 125,000 RSUs, 100,000 stock options, 320,000 stock options, and 500,000 RSUs, each subject to their own vesting schedules and terms.
Encore Energy Corp., known as "America’s clean energy company," is committed to providing clean, reliable, and affordable fuel for nuclear energy, being the only United States uranium company with multiple central processing plants in operation. The company's future projects include the Dewey Burdock project in South Dakota and the Gas Hills project in Wyoming, and it holds other assets including non-core assets and proprietary databases.
Following the appointment of Mr. Willette, the company is poised for aggressive growth in the coming years under his leadership, leveraging his proven leadership skills and extensive experience in the industry. Following these announcements, the company's shares moved 1.92%, and are now trading at a price of $3.18. For the full picture, make sure to review enCore Energy's 8-K report.
