• CEO Mikkel Larsen to step down; remains at the helm until a successor is appointed and will continue to serve on CIX’s Board thereafter
• CIX Board, supported by key investors, begins global search to identify best long-term candidate to lead the company on its next phase of growth

Singapore and London, 21 March 2024 – Climate Impact X (CIX), a global marketplace, auctions house and exchange for trusted carbon credits, today announced that its Chief Executive Officer (CEO) Mikkel Larsen, will be departing the company to focus on his family.

Mikkel will remain at the helm of CIX until a new or interim CEO is appointed, and will continue to serve on CIX’s Board thereafter to ensure a seamless transition.

Bill Winters, Group Chief Executive, Standard Chartered and current Chair of the CIX Board of Directors, said, “Mikkel has played a pivotal role in the development of CIX over the years, demonstrating commitment and foresight to navigate one of the most challenging and exciting periods for carbon markets. On behalf of the Board, I want to thank Mikkel for the remarkable job he has done, leading and building a global business that delivers positive climate impact. We are confident in the leadership team’s ability to drive the company forward during this transition period, and look forward to drawing upon Mikkel’s expertise in an advisory capacity as we prepare the incoming CEO for future success.”

Mikkel was formally appointed to the role of CEO in 2021. He was instrumental in shaping and driving CIX’s vision, overseeing the company since its launch the same year through to the full operationalisation of its core solutions today.

The Board, with the support of CIX’s key investors DBS Bank, GenZero, Mizuho Financial Group, Singapore Exchange (SGX Group) and Standard Chartered, have begun a global search to identify the best long-term candidate for the role of CEO who can lead the company on its next phase of growth.

Mikkel Larsen, CEO of CIX, said: “It has been a very difficult decision to leave a company that I had the good fortune of helping to build, and that I have so much conviction in. I am comforted by the fact that I leave behind a strong team and Board whose support I could always count on. A company is never built by one person but by a group of people with shared values and purpose. CIX is blessed with a team that believes in the good that carbon markets and CIX can uniquely bring. I am proud that we have built CIX from just an idea to a leading global marketplace and exchange operating across major carbon markets today. It has been my privilege to be part of a team which is united as a collective to deliver scalable positive climate impact. I look forward to ensuring a smooth transition, and supporting the team and incoming CEO as they continue to build on the positive momentum established at CIX.”

Note to Editors:

• CIX adopts a rotational chairperson system, with Bill Winters, Group Chief Executive of Standard Chartered, being the current chairperson of the Board of Directors.

For more information, please contact:

Climate Impact X
Daphne Chuah
daphne.chuah@climateimpactx.com