Anaergia Inc. announced that Assaf Onn, a member of the Company?s Board of Directors, has been appointed as acting Chief Executive Officer, effective June 24, 2024. This follows the mutual decision by the Board and Brett Hodson, the Company?s CEO until Mr. Onn?s appointment, to transition to new leadership following the investment of Marny Investissement SA (?Marny?) in the Company. Mr. Onn has held the position of Chief Operating Officer of Marny since 2008.

With over two decades of extensive experience in managing large operations, including retail, commercial and housing real estate, and hospitality throughout central and eastern Europe and the Middle East, his 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. Mr. Onn was appointed to the Board in connection with the April 1, 2024, closing of the CAD 13.6 million second tranche of the expected CAD 40.8 million Strategic Investment in the Company by a subsidiary of Marny.