Montana Technologies Appoints Stephen Pang As Chief Financial Officer

Diverse Team of Financial and Legal Executives Brings Expertise Across Energy Industry

RONAN, Mont., May 7, 2024 /PRNewswire/ -- Montana Technologies Corp. (NASDAQ:AIRJ) ("Montana"), the developer of AirJoule®, a transformational atmospheric thermal energy and water harvesting technology, announced today that it has appointed the following financial and legal executives to its management team:

• Stephen Pang, Chief Financial Officer;
• Chad MacDonald, Chief Legal Officer; and
• Tom Divine, Vice President, Investor Relations and Finance

In conjunction with these new appointments, Jeff Gutke, who since 2021 served as the Chief Financial Officer of Montana's predecessor company, Montana Technologies LLC, is transitioning into the new role of Chief Administrative Officer at Montana. The management team will also include Pat Eilers, the Chairman of Montana's Board of Directors, who has been named Montana's Executive Chairman. 

Matt Jore, Chief Executive Officer and Director of Montana, said, "I am thrilled to welcome Stephen, Chad, and Tom to the Montana team. Collectively, they bring a wealth of knowledge and public company experience, serving as critical additions as we continue to scale our operations and progress in responding to the increasing global demand for water and air conditioning. I would also like to thank Jeff for his immense dedication and hard work over the last three years, and I am delighted that he can now amplify his focus on the most critical administrative functions required of our newly public company."

Pat Eilers, Executive Chairman, said, "Adding a strong management team to our outstanding technology team is key to accomplishing the ambitious and important work that lies ahead for Montana. We look forward to capitalizing on each member's expertise and skillset, and we are confident that they will play a significant role as we continue to advance AirJoule® toward wider commercial adoption."