Xebec Adsorption CEO to retire

Kurt Sorschak will retire as chairman, president and CEO of Canada’s Xebec Adsorption Inc effective 12 May 2022, at the annual meeting of shareholders.

Image: © Chris Titze Imaging - stock.adobe.com
Image: © Chris Titze Imaging - stock.adobe.com

Sorschak, the company’s founder, will remain a member of the Xebec Adsorption board of directors.

Chief operating officer Jim Vounassis will be appointed president and CEO of Xebec Adsorption, while Mike Munro, VP Global Operations, will become COO.

Both Vounassis and Munro joined Xebec last year in preparation for this transition to new leadership. Vounassis most recently served as COO at Bombardier Transportation, now part of Alstom. He has also held executive positions at Pharmascience, Baker Hughes and Pratt and Whitney. Munro has had a long career at GE in the Energy, Oil & Gas, and Power businesses.

“Under Kurt’s leadership over the last almost two decades, the company has evolved from a small Québec-based manufacturing outfit to a global renewable gas player with thousands of customers, a physical presence across four continents and most importantly, a commercial ready technology portfolio to transition us to a clean energy future,” said Bill Beckett, lead director of the Xebec Adsorption board.

“Xebec is launching off a solid foundation for its next leg of growth, and we are excited to see Jim and Mike thrive in their new roles as they both ensure an orderly transition and prepare to leverage their experience as proven executives.”

“It has been an honour to serve Xebec as its first president and CEO,” said Sorschak. “I have really enjoyed my time helping the team execute our vision to build a worldwide sustainable gas technology leader that will make an impact in the fight against climate change. I look forward to supporting Xebec’s new leadership from the board level and would like to thank all our employees, customers and investors in their continued support throughout our journey.”