Velocys plc says that Roy Lipski, CEO, is leaving Velocys with immediate effect and by mutual consent. Now that the Company is progressing into its commercial phase with its first industrial project being built, project management and engineering skills will be increasingly important keys to its future success.

Pierre Jungels, Chairman said,'In the nine and a half years that Roy has been CEO at Velocys, through his entrepreneurial skills and spirit he has led its transformation from an interesting idea to a substantial company with proven technology on the verge of commercialisation. This is a great tribute to his creativity and drive. We are all grateful to him for his contribution.

'The search for a new CEO will commence shortly. In the meantime, it is business as usual at Velocys as the construction of the Company's commercial reference plant progresses to plan and as we engage with multiple other parties to secure our next commercial smaller scale GTL plants.'

Tags: Velocys plc