Management ChangeMay 6, 2026, 04:23 PM
Birchtech Appoints Michael Mioska CFO; Extends CEO MacPherson's Term
AI Summary
Birchtech Corp. announced significant management changes, including the departure of Fiona Fitzmaurice as Chief Financial Officer on May 1, 2026. Michael Mioska, a Chartered Professional Accountant with over 20 years of experience, was appointed as the new CFO, effective the same day. Additionally, James Trettel was appointed Chief Operating Officer. The company also extended President and CEO Richard MacPherson's employment agreement to May 31, 2030, maintaining his $1,000,000 annual base salary and providing a $500,000 cash retention bonus.
Key Highlights
- Fiona Fitzmaurice ceased serving as Chief Financial Officer on May 1, 2026.
- Michael Mioska appointed as Chief Financial Officer, effective May 1, 2026.
- James Trettel appointed as Chief Operating Officer, effective May 1, 2026.
- CEO Richard MacPherson's employment term extended from May 31, 2027, to May 31, 2030.
- CEO MacPherson's annual base salary remains $1,000,000.
- CEO MacPherson to receive a $500,000 cash retention bonus.
- CEO MacPherson eligible for additional annual bonus compensation up to $1,000,000.