- ReGen III (TSXV:GIII), a clean technology stock upcycling used motor oil into Group III base oils, has appointed Tony Weatherill as its new president and chief executive officer
- Weatherill has spent over three decades in the global lubricants and petrochemicals sectors, including executive positions at numerous billion-dollar organizations
- ReGen III is a cleantech company commercializing its patented technology to upcycle used motor oil into high-value Group III base oils
- ReGen III stock has given back 27.14 per cent year-over-year
ReGen III (TSXV:GIII), a clean technology stock upcycling used motor oil into Group III base oils, has appointed Tony Weatherill as its new president and chief executive officer (CEO).
Weatherill has spent over three decades in the global lubricants and petrochemicals sectors, most recently serving as senior vice president, commercial, at H.F. Sinclair from 2020 to 2023, where he catalyzed commercial and marketing activities across a $3.9 billion business operating in over 90 countries. Under his tenure, the company posted significant improvements in revenues and profitability, including more than doubling global sales, driven by numerous acquisitions, operational improvements, as well as margin and growth initiatives.
Concurrently, from 2019 to 2023, Weatherill served as president of Petro-Canada Lubricants – a division of H.F. Sinclair – where he oversaw commercial strategy and global business development, both managing and optimizing a portfolio of finished lubricant, base oil and specialties brands including Red Giant Oil, Sonneborn, Sinclair and Petro-Canada Lubricants. He was also responsible for the operation of North America’s largest Group III base oil production facility in Mississauga.
Weatherill brings additional product, technical and market expertise from his time as vice president of global research and development at Petro-Canada Lubricants and his previous roles at ExxonMobil and Chemtura.
He replaces outgoing president and CEO Mark Redcliffe, who will transition to the newly created roles of executive vice-president and chief strategy officer.
Leadership insights
“Within the industry, Tony is renowned as a force for transformation and growth, and on behalf of the board, I am thrilled to welcome him to the team,” Greg Clarkes, chairman of ReGen III, said in a statement. “His deep knowledge of the lubricants industry, extensive commercial experience and people-centered leadership style make him an exceptional choice to lead ReGen III. The board and I are confident that Tony can continue to build on our competitive advantage, while leveraging his strategic vision, vast industry network and strong track record to forge new partnerships that take us to commercialization. I would also like to express my deepest gratitude to Mark Redcliffe for his steadfast contributions and leadership over the past six-and-a-half-years and especially throughout the recent leadership transition period. Since joining the company, Mark has been integral to all our successes and we look forward to Mark’s continued positive impact on our projects and milestones.”
“ReGen III is at the forefront of sustainability and innovation in the base-oil market and I am excited to lead the company into the next phase of its evolution,” Weatherill added. “Industry commitments to reduce carbon footprints have gained momentum and the time is ripe to introduce ReGen III’s sustainable, domestically produced Group III base oils to the North American market. At H.F. Sinclair and Petro-Canada Lubricants, I drove transformative change through innovation and collaboration. Together with Mark, our dedicated shareholders and the exceptional team at ReGen III, I look forward to leveraging this experience to commercialize the ReGen process and accelerate our journey towards becoming the world’s largest producer of sustainable Group III base oils.”
About ReGen III
ReGen III is a cleantech company commercializing its patented technology to upcycle used motor oil into high-value Group III base oils. The technology is expected to reduce carbon-dioxide-equivalent emissions by 82 per cent compared to virgin-crude-derived base oils combusted at end of life.
ReGen III stock (TSXV:GIII) last traded at C$0.26 per share. The stock has given back 27.14 per cent year-over-year.
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(Top photo of Tony Weatherill, president and CEO of ReGen III: ReGen III)
