LiqTech International, Inc. announced the appointment of Fei Chen as President and Chief Executive Officer with a start date on or before November 1, 2022. Effective as of her start date, Ms. Chen will also be appointed a member of the Company's Board of Directors. Alexander Buehler, a member of LiqTech's Board and currently Interim CEO since March 2022, will resign as Interim CEO when Ms. Chen starts her employment but will continue to serve as a member of the Board of Directors. The Board extends its heartfelt appreciation to Alex for stepping in as Interim CEO when needed and for the important contributions he has made in such a short time. Ms. Chen brings more than 20 years of management experience and a demonstrated track record of success across a variety of global industrial companies, with an emphasis on water treatment, chemicals, and clean energy technologies. After heading global R&D for Topsoe A/S, a world leader in catalysts and energy-efficient clean technologies, Ms. Chen was most recently Senior Vice President, Global Commercials (clean fuels and chemicals technology) for Topsoe A/S. Prior to Topsoe, Ms. Chen was the Innovation Platform Director for Grundfos A/S, the leading global company in the development, manufacturing and distribution of water and liquid pumps, where
she was responsible for establishing Grundfos' water treatment division. Ms. Chen has also held management positions with Novozymes A/S, FOSS Analytical China, Lattec I/S, Coloplast A/S, and the National Environmental Research Institute of Denmark. She is currently a member of the Board at Liquid Wind AB and Jiangsu JiTRI-Topsoe Clean Energy Research and Development Co. Ltd., China, and she was previously a Member of the Board for Brunata International A/S and Enaqua. Ms. Chen earned a Ph.D. in Polymer Materials from the Technical University of Denmark (DTU), and she holds a Master of Biochemical Engineering degree and a Bachelor of Chemical Engineering from Zhejiang University in China. Ms. Chen is a Danish citizen and is fluent in Danish, English and Mandarin.