Corre Energy to press ahead with naming Rune Eng as interim chairman

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Shares in Dublin-listed power storage developer hit an all-time low on Friday as it continues its search for fresh investment

Corre Energy, the Dublin-listed power storage developer, is pressing ahead with the appointment of Rune Eng as interim chairman following the departure of Frank Allen at its upcoming annual general meeting.

This would leave Mr Eng as the only non-executive director, subject to investors not following ISS’s advice to vote against his re-election.‘Any investment in my home I consider value as it’s my sanctuary’Washington Post’s own coverage of incoming editor prompts change of plan Mr Allen, who has been chairman prior to and since the company’s IPO in 2021, has overseen Corre Energy’s “initial phase of growth, including the delivery of key commercial milestones and fundraising activities”.

“This is designed to align with the planned investment process which is progressing well, as well as commercial scale-up opportunities currently being actively pursued by the company,” Corre said. “Our focus remains on progressing the significant investor interest in the company and ramping up our activities to deliver maximum value to our shareholders and wider stakeholders.

 

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