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General Fusion comments on recent changes to the management team

Burnaby, BC (October 24, 2016) — Canadian clean energy company General Fusion noted today that CEO Nathan Gilliland stepped down from the company’s leadership at the end of September.

With the search for a new CEO now underway, Bruce Colwill, the Company’s Chief Financial Officer, has stepped in as interim CEO. The company is pleased that Mr. Gilliland will continue to work with the company in a consulting capacity until at least March 31, 2017.

Since joining the company in early 2014, Mr. Gilliland has been instrumental in growing General Fusion into a world leading fusion research and development facility, now employing over 65 highly skilled staff and making significant headway in its pursuit of commercially viable fusion energy.

“I am extremely proud of what our team has accomplished, and the role General Fusion has played in building recognition of fusion’s part in the world energy mix,” said Mr. Gilliland. He went on, “However, I have been commuting to Vancouver for the last three years from my home in California, and felt that now was the right time to transition out to lessen the burden on my family.”

“We’ve seen significant progress in the key areas of plasma physics, and demonstrated that we are closer to making a viable fusion power plant a reality.” said Mr. Gilliland. “Recent additions have further strengthened our experienced management team, and the company is well positioned to achieve its future development goals.”

“We are thankful for Nathan’s leadership over the past 3 years and his important role in hitting our development milestones and establishing a solid financial foundation for the company’s future activities,” said Rick Wills, Executive Chairman. “During his tenure at General Fusion Nathan played a key role in establishing the company as a leader in fusion energy development.  We wish Nathan the best in the next phase of his career.”

 

About General Fusion:
General Fusion is developing the fastest and most practical path to commercial fusion energy. The company was established in 2002 and is supported by a global syndicate of leading energy venture capital funds, industry leaders, and technology pioneers, including: Chrysalix Energy Venture Capital, Bezos Expeditions, Khazanah Nasional Berhad, Cenovus Energy, Growthworks, Braemar Energy Ventures, BDC, Entrepreneurs Fund, SET Ventures, and Sustainable Development Technology Canada.

For more information, please contact:
Paul Sullivan
BreakThrough Communications
Mobile: 604-603-7358
Office: 604-685-4742
p.sullivan@breakthroughpr.com

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