Paul Venter
INTERIM NON- EXECUTIVE CHAIRMAN
Paul Venter has 35 years’ experience within the mining and power-generating industries. He spearheaded the projected development of an integrated open-pit mine, 4 by 150 MW power plant and 200-kilometre transmission complex in Mongolia prior to successfully rebranding and leading the developing of Ncondezi Coal into an integrated open-pit mine with 2 by 150 MW power plants and 93-kilometre transmission complex.
In recent years, Paul established Mast Energy Projects Limited and contributed to the successful sale of a 60% equity interest of Mast Energy Projects Limited to Kibo Energy PLC. Between 1982 and 1998, Paul was a certified financial accountant of South Africa. Furthermore, he holds an MDP in Mining from the University of South Africa and an honours degree in Business Administration from Potchefstroom University, South Africa. From 2009 to 2012, he was a director and the Vice-President of Energy Operations at Canadian-listed Prophecy Coal Corp and from 2012 to 2015, he held the position of Chief Executive Officer of Ncondezi Energy, an AIM-listed company (AIM: NCCL). Paul is the former CEO of Mast Energy Developments.
Pieter Krügel, ACA, BFP, CA (SA)
Chief Executive Officer and Executive director
A qualified and registered Chartered Accountant by profession, Pieter holds extensive qualifications that include a post-graduate degree with honours in accounting science from the University of South Africa. He is a highly experienced and entrepreneurial leader with over 14 years of financial, senior management and executive experience. His journey is marked by successful tenures in multiple management and leadership positions with various leading companies globally, where he has leveraged his experience in capital markets and funding, M&A, corporate restructuring, complex operational and financial management, and strategic planning. He holds memberships to a range of credible, affiliated professional bodies, most notably the Institute of Chartered Accountants in England and Wales (ICAEW), making him a driving force in the profession.
He has been intimately involved in the flexible-power market in the UK and MED’s founding since 2018, and he was also part of the core team that led to the successful IPO of MED in 2021, before taking over as CEO of MED during 2022.