ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Electra Appoints Simon Wandke as Chief Commercial Officer

Electra, a clean iron company with a solution to decarbonize iron and steelmaking, has appointed Simon Wandke as its Chief Commercial Officer. With over 40 years of experience developing and executing multi-country commercial strategies at major global mining companies, Wandke brings a deep understanding of the mine-to-metal value chain to Electra.

Most recently, Wandke served as the CEO of ArcelorMittal Mining until late 2021, and prior to that held senior executive roles at Ferrexpo, Destra, and BHP where he was responsible for leading strategy, marketing, business development, and sales teams across various countries, including Australia, Indonesia, Hong Kong, Switzerland, UK, Canada, and the USA. He is a graduate of the Australian Institute of Company Directors, Swinburne University, and the University of Melbourne.

“Despite steel’s critical role in sustainable infrastructure, the steelmaking process continues to be one of the largest industrial producers of carbon dioxide. To address this issue, the industry needs low-carbon technology that eliminates emissions from ironmaking – which accounts for the majority of emissions in steel production,” said Simon Wandke, Chief Commercial Officer of Electra. “Electra’s innovative solution has the potential to eliminate 3.7 gigatonnes or 10% of global carbon dioxide emissions from global steel production producing clean iron for high quality steel. I am thrilled to be part of this initiative pushing forward a cleaner era of steelmaking.”

"All that Electra has accomplished to date is to the credit of its amazing team," said Sandeep Nijhawan, CEO and co-founder of Electra. "Simon has been the chair of our commercial advisory board since 2022, and we couldn't be more thrilled to name him as Chief Commercial Officer as we advance our low-temperature clean iron production solution."

This announcement follows a significant year for Electra, during which the company announced it secured $85 million in funding from prominent investors led by Breakthrough Energy Ventures and will have a clean-iron pilot plant by the end of 2023. The company also collaborated with Nucor Corporation, the largest steel producer in the United States.

Electra is excited to welcome Simon Wandke as its Chief Commercial Officer and looks forward to his contributions to the company's continued success.

About Electra

Electra, a clean iron company, is bending the trajectory of climate change by electrifying iron refining. Our products — pure green iron and other green feedstocks — remove gigatons of carbon dioxide emissions from steel production and other hard-to-abate industries, accelerating a return to a healthy carbon balance on earth. The company is headquartered in Boulder, CO with a development facility in Boston, MA. To learn more about Electra's mission, visit: www.electra.earth.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.