Climate Impact X (CIX), a global carbon market solutions provider, has announced the appointment of Oi-Yee Choo as its new CEO, effective 21 October 2024.
Choo, a seasoned business leader with 25 years of experience in financial markets, will take over from interim CEO Mark Glossoti.
Glossoti served as the interim CEO since July 2024 and will return to his position as Chief Operating Officer.
Mikkel Larsen, who served as CIX’s CEO until July 2024, will continue to contribute to the company by remaining on the board as an Executive Director during the leadership transition.
Choo most recently served as CEO of ADDX, a blockchain-based private capital markets exchange in Singapore.
Under her leadership, ADDX grew its platform to surpass US$1 billion in tokenized securities.
Prior to ADDX, Choo spent over 20 years in investment banking, holding leadership roles at Citigroup, Morgan Stanley, Nomura, and UBS.
CIX also announced that Claire O’Neill, a member of its board since 2022, will assume the role of Board Chair, effective 1 November 2024.
O’Neill, who has been with the World Business Council for Sustainable Development (WBCSD) since leaving politics in 2020, is a former UK minister and global expert on sustainability and decarbonisation.
She brings a wealth of experience spanning over three decades in both the private and public sectors.
Oi-Yee Choo, CIX’s incoming CEO, said,
“Throughout my career, I’ve never seen climate change and sustainability discussed as urgently in boardrooms as in recent years. Leading CIX at this transformative time is incredibly exciting.
I look forward to working closely with Claire, the Board and the talented team at CIX to ensure a smooth transition. Together, we will build on the strong foundations already in place, ensuring continuity while positioning CIX for future growth.”
Claire O’Neill, incoming Chair of the CIX Board, said,
“I am delighted to accept the role of Board Chair for CIX. I joined the Board of CIX in its early stages as I was impressed by the company’s strategy, team and shareholder commitment.
I have witnessed firsthand CIX’s great progress with its focus on high-quality credits and buyer services, and look forward to working with Oi-Yee, who has a brilliant track record, to grow the company further and deliver lasting value for all our stakeholders.”
Featured image credit: Edited from Freepik
