Climate Impact X (CIX), a global carbon market solutions provider, Oi y chu He will take up the role of new CEO on October 21, 2024.
Chu, a seasoned business leader with 25 years of experience in financial markets, succeeds interim CEO Mark Grossotti.
Grossotti has served as interim CEO since July 2024 and is expected to return to his role as chief operating officer.
Mikkel Larsen, who served as CIX CEO until July 2024, will remain on the board as an executive director during the leadership transition and will continue to contribute to the company.
Chew most recently served as CEO of ADDX, a blockchain-based private capital markets exchange in Singapore.
Under her leadership, ADDX has grown its platform to over US$1 billion in total tokenized securities.
Prior to joining ADDX, Mr. Choo spent more than 20 years in investment banking, holding leadership roles at Citigroup, Morgan Stanley, Nomura and UBS.
CIX also announced that Claire O’Neill, who has served as a director since 2022, will become Chairman of the Board on November 1, 2024.
O’Neill, who has been with the World Business Council for Sustainable Development (WBCSD) since leaving politics in 2020, is a former UK minister and a world expert on sustainability and decarbonisation.
She has extensive experience spanning over 30 years in both the private and public sectors.
Oi Yi Choo, incoming CEO of CIX, said:
“In my career, I have never seen climate change and sustainability being discussed with greater urgency in boardrooms than in recent years, so it is incredibly exciting to lead CIX during this transformative time.
I look forward to working closely with Claire, the Board and CIX’s talented team to ensure a smooth transition. Together we will build on the existing strong foundations, ensuring continuity while positioning CIX for future growth.”
Claire O’Neill, Chair-elect of the CIX Board, said:
“I am pleased to take on the role of Chairman of the Board of CIX. I joined the Board from the company’s early days as I was impressed with its strategy, team and commitment to shareholders.
I have witnessed firsthand the great progress CIX has made with its focus on high quality credit and buyer service, and I look forward to working with Oi-Yee, who has a great track record, to further grow the company and deliver lasting value to all stakeholders.”
Featured Image Credit: Free Pick
