Arq, Inc. Appoints Interim Chief Accounting Officer and Designates Interim Principal Financial Officer

summarizeSummary

Arq, Inc. appointed Peter Owino as Interim Chief Accounting Officer and designated CEO Bob Rasmus as interim Principal Financial Officer to ensure financial leadership continuity during a period of executive transition.

check_boxKey Events

• Interim Chief Accounting Officer Appointed

  Peter Owino, 51, has been appointed as the Interim Chief Accounting Officer, effective June 12, 2026. Mr. Owino brings over twenty years of experience in accounting, finance, and SOX compliance.

• Consulting Agreement for Interim CAO

  The company entered into a consulting agreement with Princeton Business Consulting, LLC for Mr. Owino's services, with an hourly fee of $350, subject to a monthly cap of $63,000.

• Interim Principal Financial Officer Designated

  Bob Rasmus, the company's President and CEO, has been designated as the interim Principal Financial Officer until Shimon Steinmetz commences his employment as the new Chief Financial Officer around July 27, 2026.

• Addresses Executive Transitions

  These interim appointments provide stability in the finance department following the recent finalization of separation agreements for the former COO and CFO, and ahead of the new CFO's start date.

auto_awesomeAnalysis

Arq, Inc. has appointed an experienced Interim Chief Accounting Officer and temporarily designated its CEO as Principal Financial Officer. These actions are critical for maintaining financial reporting continuity and compliance, especially given the recent departures of the former COO and CFO, and ahead of the new CFO's official start in late July. The consulting agreement for the interim CAO, with a monthly cap of $63,000, represents a notable ongoing expense for the company.