Issue 8 2020

CEO MONTHLY / ISSUE 8 2020 5 , The board of directors of Enterprai will appoint Andrea French, former co- CEO and COO of Rokos Capital Management as well as a former partner and COO of Trading at Brevan Howard, as interim Chief Executive Officer. Enterprai is an early-stage research and technology start- up building a next-generation smart desktop for investment professionals. The founders are assembling a leadership team of senior executives to ensure the sustainable growth of the organisation, which is on a mission to drive the democratisation of quantitative insights in financial markets. “Developing a leading product for the industry requires collective intelligence and proven experience in all aspects of building a company. We are excited to have Andy on board so early on in our journey. She brings an in-depth understanding of the industry we are looking to serve. The whole team is very much looking forward to working alongside her, and she is already contributing in a number of ways,” commented founders Wojciech Mucha, Tigran Atoyan, and Deyan Ulevinov. Andy’s deep operational expertise will help the firm navigate the regulatory and commercial considerations of their partners, vendors, and key clients. With a strong track record in key leadership roles across a breadth of organisations, she will help guide the high-calibre team at Enterprai. The partnership between Enterprai and Andrea is set until the end of 2020. During this time, she will oversee the refinement and execution of Enterprai’s corporate and commercial strategy. CECO Environmental, a leading global air quality and fluid handling technology company and Mader Machine Co., announced they have entered into an agreement to create a Joint Venture combining CECO’s Effox-Flextor damper business with Mader’s damper business, leveraging the synergies and complementary strengths from each busi- ness. The JV will benefit both companies by going to market with a more robust portfolio while enhancing the cost structure as a combined organisation. Under the terms of the joint venture, CECO will hold 70 percent of the equity, consoli- date the financial reporting, maintain 2 of 4 board seats, and receive an annual fee for providing administrative services to the JV. L. James Zeager, CEO of Mader, will lead the combined company driving its growth and cost actions and ensuring a stream- lined integrated business. Mader is a portfolio company of Chartwell Investments Entrepreneur & Founder Capital. “This newly formed JV provides solid lead- ership within the damper business, as-well as expanded strategies and optionality,” stated Matt Eckl, CFO of CECO Environ- mental. “From a strategic perspective, the com- bined strengths and brand reputations of both Effox-Flextor and Mader will provide new opportunities to enable expansion into various markets and sharpen our focus in other strategic areas within clean air,” says L. James Zeager, CEO of Mader. “The JV will also produce important cost synergies to improve profitability as we navigate the challenging markets and uncertain environment.” Daniel Duncan, President of Energy Solu- tions at CECO Environmental added, “the combination of these two businesses will give their respective customers the support of an expanded and experienced team as well as new product and service options.” Industry Insight CECO Environmental announces joint venture between its Effox-Flextor business andMader Machine Co., a portfolio company of CHIEF Capital, to strategically align for growth and efficiencies. Enterprai, an early-stage start-up, to appoint Andrea French, former co-CEO and COO of Rokos Capital, as InterimChief Executive Officer