newcleo holds second AGM and appoints Corine Raoux-Fontanet to Board of Directors

newcleo holds second AGM on Friday 9 June in London
• Board of Directors appointment brings financial and NED expertise

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LONDON, UK – 12 June 2023 – newcleo, the clean and safe nuclear technology company developing innovative Generation IV reactors using nuclear waste as fuel, held its second AGM on Friday 9 June.

During the meeting, Stefano Buono, CEO and Richard Tuffill, CFO, presented comments and updates about the company’s business and financial performance and shared ambitions and objectives for the coming months.

The formal activities of the meeting included the voting on the resolution regarding the Board of Directors appointments; all current post holders (Stefano Buono, Carlo Zuccaro, Andrea Ruben Osvaldo Levi, Raffaele Petrone, Adrienne Kelbie, Florence Parly) were re-appointed as a director of the company.

In addition, shareholders voted in favour of the new appointment as director of Corine Raoux-Fontanet, replacing Kathryn Kerle.

Corine Raoux-Fontanet brings over 30 years of leadership experience to newcleo as a highly qualified financial professional and accomplished Independent Board Director, with high-level expertise in mergers and acquisitions, management, and auditing.

She worked in senior leadership roles in international groups, including over 20 years at Nestlé, where she rose to Chief Financial Officer for the Nespresso business, and also led the Nestlé Group audit for 5 years.

Corine has also held several roles as Independent Board Director at large companies, including Chair of the Audit Committee at Schenk Holding, and Chair of the ESG Committee and Member of the Audit Committee at Unilabs.

Stefano Buono, newcleo founder and CEO, commented:

I was honoured to have a chance to update our shareholders in our second AGM in London. Our momentum is outstanding. The rapid development of newcleo into a vertically integrated nuclear company that can truly be the European champion of nuclear renaissance is driving a number of important initiatives that will come to light in the next few months.

Our recently completed industrial acquisition of SRS-Fucina Group, and the receipt of the France 2030 grant and technology endorsement are significant steps in this direction, and we continue pressing ahead with strong focus.

We are grateful to our existing shareholders for their continuous support since the very beginning of our still short history, and as we progress into our current capital raise, we look forward to welcoming more to our group.

We are delighted to welcome Corine to our Board, and we look forward to working with her. We also take the opportunity to warmly thank Kathryn Kerle for over a year of valuable contributions at a time of huge growth for newcleo.