Cathay Capital announced it has created the role of chief impact officer as part of its commitment to ESG and impact strategy. Leading the new role is Matthieu van der Elst, the former CEO of Michelin Ventures. He has a track record in developing sustainable innovative technologies and business models while at Michelin Ventures. The role covers all geographies in which the Cathay Capital group operates, including North America, Asia, Europe and Africa.
Denis Barrier, co-Founder of Cathay Innovation, said in a prepared release: “The transition to a sustainable economy and societal change is challenging us all to scale tech-enabled solutions faster, at a worldwide level. With the support of our platform, we are very pleased to welcome Matthieu to the Cathay team to lead this innovation initiative and tackle these opportunities and challenges head-on.”
The venture fund Cathay Innovation is affiliated with Cathay Capital.
Source: Cathay Capital announcement