ClearVue announces review following last week’s board resignations

Building-integrated photovoltaic energy company ClearVue has announced an immediate and “wide ranging initiative to review its operational spending”, with an expense analysis to “evaluate each budget line item”.

Last Tuesday the ASX-listed, Perth-based company announced that Global CEO Martin Deil had resigned and Executive Director Jamie Lyford stepped down as an Executive Director, “effective immediately.”

In a statement on Monday, ClearVue cited an “active program of board and leadership revitalisation” designed to progress its financial performance, global partner development and product.

Interim CEO Douglas Hunt said the expenditure review will be “in collaboration with the newly restructured Board and our shareholders” and seeks to position the company for long-term, sustainable growth. 

The former COO Hunt stepped into the role last week from COO following Dell’s departure. 

“We are committed to responsible operational management to enhance shareholder value with thorough expenditure analysis, continuous product innovation, and steady revenue growth, supported by our expanding global network of licensees and manufacturing partners,” said Hunt. 

“The initiative will support ClearVue’s mission to dramatically decrease the carbon impact of the built environment while increasing building thermal efficiency and renewable energy.”

The announcement also contained news that Charles (Chuck) Mowrey has resigned from the board of directors, effective today, after two years. Mowrey had been an Executive Director since May 2024. 

Picture: credit ClearVue Technologies

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