Global Clean Energy Holdings CEO Richard Palmer Retires; Noah Verleun Appointed Interim CEO

Global Clean Energy Holdings, Inc.

Richard Palmer retired as CEO on Feb 23, 2024, but remains on the Board of Directors.
Separation agreement includes salary continuation of $350k/year for 14 months and accrued unpaid salary/bonus of $1,049,430.
Noah Verleun, previously President, named interim CEO effective Feb 23, 2024, with annual salary of $450,000.
Bakersfield Renewable Fuels facility expects to complete commissioning and begin commercial operations in Q2 2024.

item 5.02 item 8.01 item 9.01

Executive movements

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Departed

Richard Palmer

Chief Executive Officer

Global Clean Energy Holdings, Inc.

Effective: 2024-02-23
Successor: Noah Verleun
Filed: February 29, 2024, 6:59 PM ET

On February 23, 2024, Richard Palmer retired from his position as Chief Executive Officer of Global Clean Energy Holdings, Inc.

Appointed (interim)

Noah Verleun

Chief Executive Officer

Global Clean Energy Holdings, Inc.

Effective: 2024-02-23
Filed: February 29, 2024, 6:59 PM ET

Effective February 23, 2024, the Board appointed Noah Verleun to serve as the Company’s interim Chief Executive Officer following the retirement of Mr. Palmer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Richard Palmer retired as Chief Executive Officer at Global Clean Energy Holdings, Inc..

Action: retired
Role: Chief Executive Officer

Exact text from the filing

On February 23, 2024, Richard Palmer retired from his position as Chief Executive Officer of Global Clean Energy Holdings, Inc.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Noah Verleun was appointed as Chief Executive Officer at Global Clean Energy Holdings, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Effective February 23, 2024, the Board appointed Noah Verleun to serve as the Company’s interim Chief Executive Officer following the retirement of Mr. Palmer.

View on SEC.gov

Source: SEC EDGAR

accession 0001628280-24-007979

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