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CWTI appoints new CFO and Director

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World Fertilizer,

Current Water Technologies Inc. (CWTI) has announced that it has appointed Bertan Atalay as its new Chief Financial Officer and Director.

Atalay has held a number of leadership positions in both private and public corporations in Canada, the US and Europe. He has helped to structure and place over $4.5 billion in limited and non-recourse project finance and led the raising of over $150 million in startup, seed and working capital equity in the infrastructure and energy sectors. In addition to this, he has also taken part in several M&A transactions in the oil and gas, renewable energy and infrastructure sectors covering much of the value chain.

Following his engineering career at Golder Associates Ltd of Canada serving clients in mining, metals, utilities and municipal fields, Atalay spent over 25 years at Shell in Amsterdam and Enron in London in a number of different capacities. Most recently he was the co-founder and CFO of Europe’s first underground natural gas storage business in Germany, which was headquartered in the Netherlands. He is a qualified professional engineer and holds an MBA in Finance from the University of British Columbia. He was also an exchange scholar of the London Business School.

The Founder and CEO of CWTI, Dr. Shelp, said: “We are very pleased to have Bertan join the Company as the CFO. He brings strong financial and transformational leadership skills and a wealth of industrial experience to the company. Having Bertan at Current Water Technologies will enable us to further commercialise and expand our world leading technologies.”

As Atalay joins the company, Edward Tsang has resigned from his position as CFO. He will, however, continue to act as a director at the company.

In the statement, CWTI claims that it has granted Atalay 750 000 options with an exercise price of $0.20 and a five-year term.

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