Bob Wowk Brings More Than 30 Years of Experience in Finance and Business Development
RIVIERA BEACH, Florida – June 3, 2021 – Transform Materials LLC (“Transform”), a green technology company with a patented net-carbon-negative process to cost-effectively produce commercial hydrogen and acetylene, announced today that Bob Wowk has joined the organization as Chief Financial Officer (CFO), effective June 2. Wowk joins a growing company with plans for commercial-scale production, including a recently announced successful pilot plant milestone with licensing partner DSM Nutritional Products. (Read release here).
“Bob joining the Transform Materials leadership team is part of our overall long-term strategy of bringing in the right top talent to augment our existing team,” commented Stuart Jara, Chief Executive Officer, Transform Materials. “Bob is a proven finance and business development executive with a strong background in the industrial gas and alternative energy sectors. Bob has been directly involved in the commercialization and funding of over $5 billion of process plants globally. We believe that he is particularly well-equipped to work with our senior executive team as we continue to scale to become the leading green alternative for chemical manufacturing.”
“The underlying first-of-its-kind technology at Transform was the key attraction to the opportunity,” stated Wowk, Chief Financial Officer, Transform Materials. “There is a massive addressable market for the core technology and associated products with significant value creation for Transform and our customer base. In addition, with the already successful operation of easily scalable pilot plants, the technology is immediately ready for commercial applications. There is a pretty clean line of sight on the company reaching profitability. I’m excited to get started.”
Wowk has over 30 years’ experience as a finance and business development executive principally in the industrial gas and alternative energy sectors. Prior to joining Transform, Wowk led global finance and strategy at BOC Gases Process Systems Group (now Linde) based in Singapore as well as a series of private equity and public CFO roles with start-up and mid-sized clean sector companies including sPower LLC, Fluence LTD and EnergyX Inc. He has extensive experience in large project development and financing with involvement in over $5B of build-own-operate technology driven projects in +25 countries. Wowk holds an M.B.A. in finance from The Wharton Graduate School of Business and a civil engineering degree from Lafayette College.
Wowk succeeds Transform’s previous CFO, Doug Vaughan, who will remain an advisor to the company. Transform Materials’ CEO Stuart Jara thanked Vaughan for his work as CFO. “Doug has been instrumental in getting the business to its current state, and we are grateful for his service,” said Jara.
About Transform Materials LLC
Transform Materials LLC was founded in 2014 by scientist and serial entrepreneur David Soane, Ph.D. During six years of sustained R&D, the company has developed a ground-breaking technology that uses microwave-generated plasma to energize natural gas to form acetylene and hydrogen without any CO2 emissions, offering a substitute for the legacy processes in the chemical industry that generate impurities and form greenhouse gases. Complementing its contributions to chemical manufacturing, Transform’s technology also produces hydrogen in an energy-efficient way to address an important need in the burgeoning fuel cell industry. Transform’s systems are compact and modular, thus readily scalable to match customer needs, whether for large plants or small industrial applications, integrating with existing systems and architecture to minimize adoption costs. Transform’s patented technology platform initiates a green revolution in the utilization of natural gas, converting this abundant resource into acetylene and hydrogen without requiring combustion or energy-intensive electrolysis. To learn more, visit transformmaterials.com.