SANTA BARBARA, Calif., July 11, 2022 (GLOBE NEWSWIRE) — H2 Clipper, Inc.an aerospace and alternative energy company developing uniquely capable hydrogen airships and end-to-end hydrogen infrastructure solutions, announces that Joe Massaquoi joined the company as Chief Financial Officer (CFO).
Massaquoi, who was an executive at Boeing for more than eight years, brings more than 25 years of experience as a global financial executive and investment banker for growth-stage private companies, primarily in the aerospace sectors. /aviation, clean technologies and transport. As H2 Clipper’s Chief Financial Officer, Massaquoi will focus on strategic financial planning and management to prepare the company for a major fundraising. This will bring the company closer to commercializing its two complementary, patented hydrogen transport solutions designed to deliver green hydrogen from remote areas where hydrogen can be produced more cheaply to places where energy clean is the most necessary.
H2 Clipper Founder and CEO Rinaldo Brutoco said, “Joe shares our vision of a world powered by clean, sustainable and disruptively efficient renewable energy. During his illustrious career, Joe has championed many disruptive technologies. His expertise and industry experience will be essential in helping us achieve our goal of delivering a rapidly scalable hydrogen infrastructure solution that is essential in the fight against climate change.
Massaquoi said, “I’m passionate about innovation that connects people and improves our lives, and I’m highly motivated by H2 Clipper’s mission to advance the hydrogen economy around the world. My work experience has been at leading companies in the energy and aviation industries – H2 Clipper unlocks everyone’s value proposition in a unique and sustainable way.
With a long and successful track record leading key corporate initiatives, Massaquoi’s career has focused on securing the capital needed to accelerate growth and drive M&A transactions from strategic design to integration. successful. He has enabled more than $37 billion in external capital injections into private and public companies, guided the creation of seven strategic joint ventures, and executed more than 40 domestic and cross-border M&A transactions. He has completed projects in North America, Europe, Southeast Asia and Sub-Saharan Africa.
Most recently, as CFO of Boom Supersonic and Boeing’s Initium Aerospace, Massaquoi developed teams responsible for financial oversight and capital allocation and nurtured relationships with key investors and stakeholders. During his tenure at Boom, the company closed its largest ever funding round, conducted inaugural independent audits, and revamped the annual strategic planning process. At Initium from 2019 to 2020, he secured shareholder funding to develop an advanced auxiliary propulsion system for commercial aircraft and ensured the successful implementation of a new ERP system. From 2012 to 2019, Massaquoi served as Director of Corporate Development at Boeing, where he led cross-functional teams in establishing a record number of commercial joint ventures.
Massaquoi began his career as an investment banker. As Executive Director of Mergers & Acquisitions at Credit Suisse, he advised utility and telecommunications clients as these respective industries underwent transformative shifts from fossil fuels to renewables and from wireline to broadband/ wireless.
Born in Sierra Leone, Massaquoi emigrated to the United States for college and is a naturalized American citizen. He holds an MBA from Harvard Business School and a BS in Physics from Morehouse College. He has served on several nonprofit boards, most recently serving as a director of the board of Red Rocks Credit Union, a Colorado-based financial institution with 16,000 members and approximately $360 million. dollars of assets.
Massaquoi is the latest high-level executive to join the H2 Clipper team, which includes well-known and internationally recognized experts in the fields of hydrogen, fuel cell technology, logistics and corporate finance. . Most recently, executive search leader Thomas J. Neff joined the H2 Clipper Advisory Board. Other Board members include Peter A. Georgescu, Chairman Emeritus of Young & Rubicam, as Lead Director of the Board, and Ángel Gurría, renowned international diplomat and former Secretary-General of the OECD.
About H2 Clipper, Inc.
H2 Clipper, Inc. is the developer of high speed, pipeline in the sky™ hydrogen-powered airships for long-range global transportation that do not use fossil fuels and have a host of commercial and humanitarian applications, and new Pipe-in-a-Pipe™ “last mile” distribution system to deliver pure hydrogen to end users. Since 2008, the company has made significant strategic investments to research, develop and patent core intellectual property in the design of modern airships and regional solutions for hydrogen delivery, forming a global end-to-end hydrogen infrastructure. end.
H2 Clipper has recently completed the research and design phases of its modern disruptive airships using the Dassault Systems 3DEXPERIENCE® platform. The airship-based Pipeline-in-the-Sky™ for transporting pure hydrogen to market also enables point-to-point delivery of cargo and other payloads at speeds of over 150 miles per hour; a significant advantage over trucks, trains, ships, planes or pipelines.
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