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New Board appointments Enhance Rumin8's Climate Tech Development Experience
Thu, 9th Mar 2023

Australian climate technology company Rumin8 has announced the appointment of a new board member and board observer, both with significant climate-tech company development experience, in an effort to enhance its climate-tech development experience.

Prelude Ventures Managing Director Mark Cupta is joining the Board as a Director after previously serving as an observer on the Rumin8 board, while Breakthrough Energy Ventures Partner Dr Peter Turner is joining the Board as an observer. Both Prelude Ventures and Breakthrough Energy Ventures are investors in Rumin8. At the same time, Oliver Yates has resigned from the Board.

Dr Stewart Washer, Chairman of the Board, expressed his excitement about the new appointments: "We are thrilled to welcome Mark and Peter to the Rumin8 team. Their scientific expertise, deep commercial experience and impressive network in the sector will be instrumental in helping us move through development into commercialisation."

Mark Cupta, who spent the past ten years as a Board Director, Executive and investor in Climate Tech companies, brings a deep understanding of the landscape to the Rumin8 Board. Prior to joining Prelude Ventures, he worked with the Celanese Corporation, a Fortune 500 company specialising in advanced materials and chemicals. Mark trained as a Materials Scientist and has also held several technical roles in new product development, application development, and process design, as well as commercial roles in technical marketing and business development.

Dr Peter Turner has dedicated his career to the study of and investment in building more sustainable agricultural systems while empowering farmers to become part of the climate solution. As a partner at BEV, he identifies and supports companies advancing technologies to reduce agriculture's impacts on climate change. Before joining BEV, Peter was a Scientist at the Carnegie Institution for Science at Stanford University where he researched the role of carbon dioxide removal technologies as well as the use of agricultural insets. He completed a PhD in Land and Atmospheric Science at the University of Minnesota where he identified ways for farmers to cost-effectively mitigate nitrous oxide emissions.

Finally, Rumin8 announced that Oliver Yates will be leaving the Board. Dr Washer expressed his gratitude towards Oliver Yates' contribution to Rumin8's goals, particularly with the company's entry into the United States: "On behalf of the entire Board, I want to thank Oliver for his contributions to Rumin8. His guidance and insights have been instrumental in helping us achieve our goals, and we are extremely appreciative of that contribution."

Overall, the new appointments are aimed at strengthening Rumin8's ability to develop climate tech solutions and drive commercialisation in this fast-growing sector.