Viritech appoints Phil Wild as new CEO
Viritech, the high-performance hydrogen powertrain solutions provider, has announced the appointment of Phil Wild as Chief Executive Officer (CEO).
The appointment of Wild is a key strategic step for Viritech, with the company poised to commercialise its ground-breaking hydrogen powertrain technology from 2024. Boasting an exceptional track record of driving growth, Wild also brings engineering expertise and a wealth of experience in growing manufacturing, technology and materials companies to the role.
Wild has previously held positions as the managing director of 3M’s Security Systems division for Europe, Middle East and Africa, and as the CEO of AIM-listed James Cropper PLC for a decade, during which he spearheaded a ten-fold increase in the company’s market capitalisation.
The transition from Timothy Lyons, the Founder and CEO of Viritech, to Phil Wild as CEO, is part of Viritech’s vision to successfully evolve from a cleantech pioneer to a globally significant technology company earning high-margin revenues from its hydrogen powertrain solutions.
Timothy Lyons, Founder of Viritech, said: “As a serial entrepreneur, I know that the skills needed to establish a new company with radical technology are not the same as those needed to take it to the next level. When we appointed Phil as our Associate Director in March this year, we planned to promote him to CEO once we had worked together to develop Viritech’s scale-up plan – the delivery of which Phil will now oversee.
“I will continue to support Viritech as company Chair, and I’m delighted that the company has an exceptional CEO who will help to make Viritech one of the world’s leading sustainable transportation technology companies.
Phil Wild, CEO of Viritech, said: “I am delighted to be taking over as CEO at such an exciting time for the business. Over the last six months, I have been enormously impressed by the team, the technology, and the huge market opportunity that Viritech possesses.
“The company has quickly established itself as a technology leader in the critically important hydrogen powertrain sector, which has a vital role to play in the decarbonisation of transport. I’m relishing the challenge of developing and delivering Viritech’s pioneering product and service portfolio and delivering on an exciting business model.
“The challenge of delivering cost-competitive, zero-carbon transport could hardly be greater, and I’m grateful for the opportunity to push the company forward in pursuit of this.”
