Both will play critical roles as Anaergia advances in its new direction

BURLINGTON, Ontario, August 13, 2024--(BUSINESS WIRE)--Anaergia Inc. ("Anaergia", the "Company", "us", or "our") (TSX: ANRG) announced today that its board of directors has approved changing the previously announced acting Chief Executive ("CEO") and interim Chief Financial Officer ("CFO") appointees to permanent positions.

Assaf Onn had been appointed acting Chief Executive Officer, effective June 24, 2024, and as previously disclosed, on April 1, 2024, he was appointed to Anaergia’s Board of Directors. Mr. Onn has held the position of Chief Operating Officer of Anaergia’s controlling shareholder, Marny Investissement SA, since 2008. He brings over two decades of extensive experience in managing large operations, including retail and commercial real estate, as well as leisure and hospitality throughout central and eastern Europe and the Middle East, Mr. Onn’s in-depth expertise includes leading organizational excellence, optimizing efficiencies, and fostering growth across diverse industries. Mr. Onn holds a BA in Business Management from Washington State University.

"I am excited to lead Anaergia as we pursue our vision to become the world’s leading renewable fuel producer, while reducing global carbon emissions, protecting the environment, and sustaining life for generations to come," said Mr. Onn.

Gregory Wolf, CPA, MST, had been named interim CFO on July 6, 2024. As disclosed at that time, Mr. Wolf brings over 25 years in executive leadership to the role, with extensive experience in financial management, strategic planning and operational oversight in construction management with large engineering, procurement, and construction ("EPC") contracts. With a proven track record in global operations, international accounting, audit, and corporate tax he has successfully led financial transformations and guided companies through complex transactions. Mr. Wolf holds a BSc in Accountancy and an MSc in Taxation from Northern Illinois University, as well as a CPA certification from the University of Illinois.

"I am very pleased to be a part of Anaergia’s permanent senior management team, as we leverage our global expertise and footprint to drive our innovative products and turnkey construction solutions to eliminate greenhouse gases ("GHGs"), while focusing on achieving profitable growth and becoming a larger enterprise," said Mr. Wolf.

Mr. Ohad Epschtein, Executive Chairman of the Board of Anaergia, said, "Both Assaf and Gregory have demonstrated their effectiveness since beginning their work with Anaergia over the past few months. I am confident that they will continue to play vital and constructive roles as Anaergia advances in its new direction, being bottom-line focused as it maximizes its potential."