Clean Diesel Technologies Inc. (CDTi), a provider of advanced emission control technology, has appointed Matthew Beale as CEO. Beale has served on the CDTi Board of Directors since September 2014 and was chairman of the audit committee. Chris Harris, who became president and CEO in July 2014, will continue in his position as president and assume the role of chief operating officer (COO).
“A recognized cleantech industry leader, Matthew brings to CDTi a wide range of international experience driving growth and change,” said Chairman Charles Engles, Ph.D. “International markets are prime targets in our major business development campaign to commercialize the company’s new advanced catalyst technologies and expand distribution of current products. With Matthew’s addition to the leadership team, we look forward to accelerating our penetration of these markets. We are delighted Matthew is taking a key role at this exciting time for CDTi.”
“CDTi has made substantial progress in its strategic repositioning as an advanced materials provider for the global emissions control market — the success of which provides a clear foundation for achieving scale and profitability,” said Beale. “The market environment has never been more favorable for CDTi’s technology and I look forward to working with our team in driving strategic initiatives that enable the company to capitalize on a large and growing market opportunity.”
“We continue to make significant progress on the commercialization of our advanced materials strategy,” added Harris. “Matthew’s corporate, business development and international finance expertise greatly expands the capabilities of our executive team, and we are excited to have him as our new CEO.”
Beale joined CDTi’s board of directors in 2014. From May 2013 until September 2015, Beale served as group strategy officer at Landi Renzo SpA, a multinational engineering and manufacturing company based in Italy focused on alternative fuel systems and components for OEM and aftermarket automotive applications. From July 2012 to April 2013, Beale was a strategy consultant to the alternative fuel systems industry focused on business and capital markets strategies.
Prior to that, he held several leadership positions at Fuel Systems Solutions Inc., a producer of fuel systems and components for automotive and industrial markets, including: co-president and head of IMPCO Operations from April 2011 to June 2012; chief financial officer from May 2009 to March 2011; president and secretary from May 2008 to March 2011; and vice president of business development from February 2007 to April 2008. Previously, he held international corporate finance and banking positions with CVS Partners from 2005 to 2007; with Citigroup Inc. from 2000 to 2004; and with JP Morgan from 1994 to 2000. Beale received a Bachelor of Arts in English literature from the University of London, a diploma in accounting and finance from the London School of Economics, and a masters of business administration from IESE Business School.